The board of the directors of Ningbo WanHao Holdings company Limited announced that Mr. Zhu Chun Rong, the company's executive director of the Board, has tendered his resignation to pursue his personal career development. Following the resignation of Mr. Zhu, the Board would announced that, Mr. Yu Nian Hua has been appointed as the company's executive director of the Board. All the above changes with effect from 19 June 2015.

Mr. Yu Nian Hua is currently the Chairman of Dongguan Su Pu Er Electronics Technology Co. Ltd. and he has over ten years of working experience in the ecological tourism, commercial real estate, finance capital, automatic robots, and display screen automation sectors.