The board of directors of Xinhua Winshare Publishing and Media Co., Ltd. announced that Mr. Luo Yong has tendered his resignation as an executive Director and the Chairman of the Company due to advancing age. At the same time, Mr. Luo will also resign as the chairman of the Strategy and Investment Planning Committee of the Board of the Company. The above resignation will be effective from the day when the new executive Director elected in the forthcoming general meeting of the Company takes office.

And Mr. Zhang Peng has tendered his resignation as a non- executive Director of the Company due to the need to devote more time to the dealing of other business and personal commitments. At the same time, Mr. Zhang will also resign from his role as a member of the Nomination Committee of the Board of the Company. The above resignation will be effective from the day when the new non-executive Director elected in the forthcoming general meeting of the Company takes office.

Mr. Zhang will continue to perform his corresponding duties and obligations as a non-executive Director as well as a member of the Nomination Committee before the taking office of the newly elected non-executive Director. The Company will hold the election for a new non-executive Director as soon as possible in accordance with legal procedures as stipulated in the relevant provisions such as the Company Law of the People 's Republic of China and the Articles of Association. The Company will make an announcement about the election for the new non- executive Director in due course.