The board of directors of China Resources Phoenix Healthcare Holdings Company Limited announced that Mr. Zhang Xiaodan has resigned as an executive Director, the chief executive officer, a member of the remuneration committee of the Board, and an authorized representative of the group as required under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited due to health reason. Mr. Wu Potao has been appointed as the chief executive officer, a member of the remuneration committee and an Authorized Representative of the group and resigned as the executive general manager of the group, and will continue to act as an executive Director of the group. Mr. Wu was the executive general manager and vice chairman of the board of the group during the period from February 2006 to October 2012.

He rejoined the group as a deputy general manager in October 2016 and was appointed as an executive Director and the executive general manager of the group on November 25, 2016. During the period from July 2014 to September 2016, Mr. Wu was the director and the general manager of the CITIC Private Equity Beijing HongCi Healthcare Co. Ltd. Mr. Xu Zechang has been appointed as an executive Director and the executive general manager of the group.

Mr. Xu joined Phoenix Hospital Management (Beijing) Co. Ltd. (currently known as Beijing Phoenix Wantong Investment Management Co. Ltd.) in March 2004 and has served as the executive administrator of Mentougou Hospital since October 2011.

Mr. Xu also served as an executive Director of the Group from September 2013 to November 2016, the executive administrator of Yan Hua Hospital from May 2007 to December 2010, the vice administrator of Beijing Jian Gong Hospital Co. Ltd. from May 2005 to May 2007, and the executive administrator of Wuxi New District Hospital from May 2004 to May 2005. Mr. Xu has experience as an attending doctor, vice director doctor, vice director of a Cardiology Department and an acting director of Cardiology Department at the General Hospital of China PLA Beijing Military Region, a Grade III general hospital, from 1991 to 2003, and a resident doctor at the General Hospital of the People's Liberation Army of China, the Grade III general hospital affiliated to the People's Liberation Army of China, from 1984 to 1991.

Mr. Xu attended the Military Medical School of People's Liberation Army of China in Beijing in July 2006 and July 1991 respectively to study medicine and he obtained his bachelor degree in military surgeon from Southern Medical formerly known as First Military Medical University of People's Liberation Army of China in Guangzhou in July 1984. Mr. Wang Yan, a non-executive Director, has been appointed as a member of the audit committee of the Board of the Group and the existing members of the audit committee of the Board remain unchanged.