On May 5, 2017, Xin "Cindy" Zheng tendered her resignation as the Chief Financial Officer of Yangtze River Development Limited, such resignation to be effective as of May 10, 2017. Ms. Zheng will assist in the transition of the Chief Financial Officer role until her departure from the Company. Ms. Zheng's departure is not due to a dispute or disagreement with the company.

On May 5, 2017, Tsz-Kit "Jerry" Chan was nominated by the company's Nomination Committee of the board of directors, and was approved and appointed by the board of directors to serve as the company's Chief Financial Officer, effective as of May 10, 2017.