The board of directors of Merry Garden Holdings Limited announced that with effect from August 5, 2015, Mr. Wang Jingjun has been appointed as an executive director of the company. Mr. Wang, aged 44, has over 20 years of experience in corporate management. He founded a number of integrated enterprises in Hong Kong and Shenzhen, the People's Republic of China which focused on international trade, with trading partners covering the PRC, Taiwan, Australia and the Philippines.

Mr. Wang has accumulated rich industry experience in international trade and financial investments. Under the Service Contract, the annual remuneration for Mr. Wang is RMB 240,000, which is determined based on his duties and responsibilities with the company, the prevailing market rate and the remuneration policy of the company. Mr. Wang is also entitled to discretionary bonus in respect of his service as an executive director of the company under the terms of the Service Contract.