The board of directors of PPS International (Holdings) Limited announced that with effect from November 28, 2017, (i) Mr. Ye Jingyuan (‘Mr. Ye') has resigned as an executive director, the chief executive officer of the company, the authorized representative of the company for the purpose of Rule 5.24 of the Rules Governing the Listing of Securities on the Growth Enterprise Market (‘GEM') of The Stock Exchange of Hong Kong Limited, and a member of each of the remuneration committee and the nomination committee of the company in order to devote more time to his other business commitments and engagements; and (ii) Ms. Mui Fong (‘Ms. Mui') has resigned as an executive director in order to devote more time to her own business commitments. The board announced that Mr. Yang Yifan (‘Mr. Yang') has been appointed as an executive director and an authorized representative with effect from November 28, 2017. Mr. Yang Yifan, aged 29, holds a Bachelor's Degree in Business Administration from University of Southern California, United States in 2014.

During the period from March 2015 to June 2016, Mr. Yang was served as a financial advisor in MetLife Securities Inc. in New York, United States of America. The board announced that Mr. Yu Shaoheng (‘Mr. Yu'), an executive director, has been appointed as the chief executive officer of the company with effect from November 28, 2017.