The board of the directors of Ningbo WanHao Holdings Company Limited announced that Mrs. Mao Lihong, the supervisor and member of Supervisory Committee of the company, has tendered her resignation to pursue her personal career development. The board announced that Mr. Yu Nian Hua, the company's executive director of the Board, has tendered his resignation to pursue his personal career development. Following the above resignation of Mr. Yu, the Board announced that, Mr. Zhu Chun Rong has been appointed as the company's executive director of the board. The board also announced that Mr. Jiang Mei Yin, the company's independent non-executive director of the Board; member of each of the audit committee and the nomination committee plus chairman and member of the remuneration committee, has tendered his resignation to pursue his personal career development. The Board announced that Mr. Lu Guo Xun has been appointed as a supervisor and a member of Supervisory Committee of the company with effect from 7 June 2016. Mr. Lu Guo Xun, aged 46, is currently the general manager of Yuyao Wanli Concrete Co., Limited. The board announced that Mr. Zhu has been appointed as the executive director of the Board with effect from 7 June 2016. Mr. Zhu Chun Rong, aged 47, is currently the finance manager of Wanli (formerly known as (Zhejiang Wanli Holding Group Inc) and (Yuyao Wanli Construction Company Limited)) since January 2007. The board announced that Mr. Lu. S. has been appointed as the independent non-executive director of the Board, member of each of the audit committee and the nomination committee plus chairman and member of the remuneration committee with effect from 7 June 2016. Mr. Lu Song Qian, aged 43, is currently the manager of Yuyao Shun Sheng Decorating Limited.