Phoenix Healthcare Group Co. Ltd. announced that, with effect from November 25, 2016, Ms. Xu Jie has resigned as an executive Director and the chairman of the Board of the group, Mr. Jiang Tianfan has resigned as an executive Director, the chief financial officer, and an Authorized Representative of the group, Mr. Shan Baojie has resigned as an executive Director and the vice general manager of the group; Xu Zechang has resigned as an executive Director of the group, Mr. Fu Yuning has been appointed as the honorary chairman of the group, Mr. Wang Yin has been appointed as a non-executive Director and the chairman of the Board of the group, Mr. Wang Yan has been appointed as a non-executive Director of the group, Mr. He Xuan has been appointed as a non-executive Director of the group, Mr. Jiang Tianfan has resigned as an executive Director, the chief financial officer, and an Authorized Representative of the group, Mr. Shan Baojie has resigned as an executive Director and the vice general manager of the group, Mr. Xu Zechang has resigned as an executive Director of the group, Mr. Fu Yuning has been appointed as the honorary chairman of the group, Mr. Wang Yin has been appointed as a non-executive Director and the chairman of the Board of the group, Mr. Wang Yan has been appointed as a non-executive Director of the group, Mr. He Xuan has been appointed as a non-executive Director of the group, Mr. Liang Hongze has resigned as an executive Director and the chief executive officer of the group, and has been re-designated as a non-executive Director of the group, Mr. Zhang Xiaodan has resigned as the executive general manager of the Group and has been re-designated as the chief executive officer and an Authorized Representative of the group and Mr. Li Zhiyue has been appointed as the chief financial officer of the group. Mr. Fu serves as the chairman of China Resources (Holdings) Co.

Ltd. Mr. Fu has nearly 30 years of experience in corporate management. He served as the chairman of the board and a director of China Resources Pharmaceutical Group Limited, director of China Merchants Holdings (International) Company Limited, independent non-executive director of CapitaLand Limited, the chairman of China Merchants Group Limited, the chairman of China Merchants Bank Co. Ltd. an independent non-executive director of Li & Fung Limited.

Mr. Wang Yan, joined China Resources National Corporation in July 1994. From February 2016, Mr. Wang has been appointed as the chief internal auditor of Internal Audit & Supervision Department of China Resources (Holdings) Co. Ltd. Mr. He Xuan had worked as the deputy manager of Beijing Chemical & Industry Group Import and Export Company Limited and the general manager of Beijing Pharmaceutical Group Company Limited and the senior deputy general manager of China Resources Pharmaceutical Group.

Mr. He has been appointed as the chairman of the board of China Resources Healthcare Group Limited since July 2014. Mr. Wang Yan joined China Resources National Corporation in July 1994. From February 2016, Mr. Wang has been appointed as the chief internal auditor of Internal Audit & Supervision Department of China Resources (Holdings) Co.

Ltd. Since August 2014, Mr. Wang has been appointed as the non-executive director of China Resources Cement Holdings Limited, China Resources Gas Group Limited, China Resources Land Limited, and China Resources Power Holdings Company Limited. Mr. He Xuan had worked as the deputy manager of Beijing Chemical & Industry Group Import and Export Company Limited and the general manager of Beijing Pharmaceutical Group Company Limited and the senior deputy general manager of China Resources Pharmaceutical Group. He has been appointed as the chairman of the board of China Resources Healthcare Group Limited since July 2014.

Mr. Liang joined Phoenix Hospital Management (Beijing) Co. Ltd. in March 2004. Mr. Zhang Xiaodan has resigned as the executive general manager of the Group and has been re-designated as the chief executive officer and the Authorized Representative of the Group, and will continue to act as an executive Director of the Group and a member of the remuneration committee of the group.

Mr. Zhang joined the group in November 2010 and is primarily responsible for managing the group's supply chain business and project investments. Prior to taking up his current position, Mr. Zhang served as the executive general manager of the Group. Since June 2008 and prior to joining the group, Mr. Zhang worked as a senior manager at CITIC Trust Co.

Ltd. Mr. Wu Potao has been appointed as the deputy general manager of the Group since October 2016. 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. Li joined China Resources (Holdings) Co.

Ltd. in May 2011, and was the chief financial officer of China Resources Healthcare Group Limited since June 2014. Prior to joining the China Resources (Holdings) Co. Ltd., Mr. Li worked in Credit Agricole Corporate and Investment Bank, Shinhan Asia Limited, Hong Kong Monetary Authority and Bank of China.