Qingdao Holdings International Limited announced management changes as follows: Mr. Zhang Zhenan re-designated as a Non-executive Director and ceased to be the Chairman of the Board on 26 November 2015; Mr. Xing Luzheng appointed as the Chairman of the Board on 26 November 2015; Mr. Zhang Lianqing resigned as an Executive Director and Chief Executive Officer with effect from 14 December 2015; Mr. Jiang Yi re-designated as an Executive Director with effect from 26 November 2015 and to be appointed as Chief Executive Officer with effect from 14 December 2015; Mr. Chen Mingdong appointed as an Executive Director and Vice-chairman of the Board on 26 November 2015; Mr. Wang Yimei appointed as an Executive Director on 26 November 2015; and Mr. Yuan Zhi appointed as an Executive Director on 26 November 2015.