The board of directors of Ningbo WanHao Holdings Company Limited announced that Mr. Tsang Chi Wai Rock is appointed as the company secretary of the Company to replace the current company secretary on 5 October 2016. Mr. Tsang is a member of Hong Kong Institute of Certified Public Accountants and has extensive experience in finance and management. He was also the company secretary of a Hong Kong listed company. The company has terminated the positions of Mr. Tsao Hoi Ho as the company secretary and the financial controller. The Company is in the progress of identifying the suitable candidate to fill the vacancy of the position of the financial controller.