China Hanking Holdings Limited announced that Dr. Pan Guocheng currently an executive Director, has resigned as the Chief Executive Officer and the President due to his other personal commitments which require more of his dedications, while has been re-designated as a non-executive Director and would remain as the chairman of the Health, Safety, Environmental Protection and Community Committee of the Company from March 20, 2018. The Board announced that Mr. Yang Jiye currently an executive Director and the chairman of the Company has been appointed as the CEO and the President with effect from March 20, 2018. Mr. Yang, has served as an executive Director and the Chairman since March 18, 2016.

He served as a non-executive Director and vice chairman of the Board during the period from 17 December 2015 to 18 March 2016, an executive Director and vice chairman of the Board during the period from 28 May 2015 to 17 December 2015.