The Board of Mastercraft International Holdings Limited announced that Mr. Dang Yanbao, Mr. Liu Yuanguan and Mr. Gao Jianjun has been appointed as executive Director with effect from 30 January 2016. Mr. Dang Yanbao is an experienced Chinese businessman and currently the chairman of the board of directors of Ningxia Baofeng Energy Group Co. Ltd. Mr. Liu Yuanguan is currently the chief executive officer of Ningxia Baofeng Energy Group Co.

Ltd. He is a veteran in the coal mining, energy and chemical industry with more than 28 years of experience. Mr. Gao Jianjun is currently the vice president of Ningxia Baofeng Energy Group Co. Ltd. Mr. Gao has 20 years of experience in the coal mining, crude oil and energy industry.