Red Star Macalline Group Corporation Ltd. announced at its EGM to be held on November 28, 2018, the shareholders to approve the Ms. Zhang Qi has tendered her resignation as the vice chairman, executive Director, deputy general manager and a member of the strategy and investment committee due to personal age concern. The Board of the company announced that Mr. Li Zhenning and Mr. Ding Yuan have tendered their resignation as independent non-executive Directors. Mr. Li has also resigned as a member of the audit committee, a member of the remuneration and evaluation committee, a member of the strategy and investment committee and the chairman of the nomination committee of the company and Mr. Ding has resigned as the chairman of the audit committee. The Board has also agreed, upon the election of Mr. Guo as an executive Director of the third session of the Board, to appoint Mr. Guo to be a member of the strategy and investment committee of the Board after the election of Mr. Guo as an executive Director. Mr. Guo Binghe, aged 45, joined the Company in June 2007 and has been a vice general manager of the Company since October 2011. Since December 2013, he has also been the secretary to the Board. He is primarily responsible for legal compliance, corporate governance, internal control, investor relations and information disclosure of the Company and providing support and assistance to the Board in the performance of its duties. Prior to joining the Company, Mr. Guo worked in the investment banking division of Shenyin & Wanguo Securities Co. Ltd. from July 2001 to March 2004. As nominated by the nomination committee of the Board, the Board has reviewed each of the occupation, academic qualifications, professional titles, detailed work experiences and all part-time work experiences of Mr. Wang and Ms. Zhao in accordance with the nomination by the nomination committee of the Board. Pursuant to the relevant laws and regulations as well as the qualifications of holding the position as stipulated in the Articles of Association, the Board believes that Mr. Wang and Ms. Zhao are qualified for the position as the independent non-executive Directors of the third session of the Board. Meanwhile, the Board has also agreed, upon the election of Mr. Wang as an independent non-executive Director, to appoint Mr. Wang as a member of the audit committee and the remuneration and evaluation committee of the Board. The Board has agreed, upon the election of Ms. Zhao as an independent non-executive Director, to appoint Ms. Zhao as a member of the nomination committee and the strategy and investment committee of the Board. Mr. Wang Xiao, aged 43, has been the partner of IDG Capital and responsible for the merger and acquisition business since December 2015. During April 2000 and March 2001, he served as manager in the head office of Bank of China. During March 2001 and March 2011, he served as senior manager in the SSE. From March 2011 to April 2015, he served as an investigator of the CSRC. From April 2015 to December 2015, he served as a deputy general manager of Shanghai Lujiazui International Financial Assets Commodity Exchange Co. Ltd. and a member of executive committee of Ping An Insurance (Group) Company of China Ltd. He also served as an independent director of Zhejiang Wanfeng Auto Wheel Co. Ltd. since May 2016 and an independent director of Long Yuan Construction Group Co Ltd. since March 2017. Ms. Zhao Chongyi, aged 44, has been the China regional chairman of Grand Parc Du Puy Du Fou since September 2013, director and senior deputy executive president of Puy Du Fou Asia Limited (Hong Kong) since July 2018, Asia regional partner and deputy president of Barnes International (France) since July 2016, and director and president of Barnes Asia Limited (Hong Kong) from March 2018 to present.