The board of directors of JC Group Holdings Limited announced that Mr. Yuan Haiyang had resigned as an independent non-executive Director, the chairman of the Nomination Committee, a member of each of the Audit Committee, the Compliance Committee and the Remuneration Committee of the Company with effect from 5 February 2016, due to the need to devote more time to pursue his other personal development. The Board announced that Ms. Wang Xiaoxiong had been appointed as an independent non-executive Director, the chairman of the Nomination Committee, a member of each of the Audit Committee, the Compliance Committee and the Remuneration Committee of the Company with effect from 5 February 2016.