Beautiful China Holdings Company Limited announced that according to the Subscription Agreement both nomination committee and the board of directors of the Company are in the view that Mr. Chen Chun Tung Jason, the candidate nominated by the Subscriber, appointed as non-executive Director with effect from 19 August 2016. Mr. Chen Chun Tung Jason, is currently responsible for direct investments at China Huarong International Holdings Limited. He was previously a director in Corporate Finance Department responsible for leading origination and execution of corporate finance transactions and providing strategic advisory in Greater China at Standard Chartered Securities (Hong Kong) Limited from 2010 to 2015 and an associate at the Investment Banking Department of Citigroup Global Markets Asia Limited from 2006 to 2010. Mr. Chen holds a Bachelor of Science degree in Industrial Engineering Operations Research (cum laude) from Columbia University.