The Board of China Shun Ke Long Holdings Limited announced that with effect from 13 September 2017, Mr. Wu Limin, an executive Director, will be re-designated as a non-executive Director; and Mr. Han Wei, a non-executive Director, will be re-designated as an executive Director. The Board also announced with effect from 13 September 2017, Mr. Li Zhongxu, an executive Director, has been appointed as the chief executive officer of the Company; Mr. Han Wei, a non-executive Director, has been appointed as the chief financial officer of the Company upon the re-designation as an executive Director; and Mr. Feng Hengyuan has been appointed as the chief innovation and investment officer of the Company. Since the re-designation of Mr. Han Wei from a non-executive Director to an executive Director, he ceased to be a member of the Audit Committee; and Mr. Wu Limin, an executive Director, has been appointed as a member of the Audit Committee upon the re-designation as a non-executive Director.

Mr. Wu currently serves as the vice president (venture investment) of CCOOP Group Co. Ltd. Mr. Han currently serves as a director of HNA Retailing Co. Ltd., the finance controller of Hainan Gongxiao Daji Holding Ltd., an executive director of Green Industrial (HK) Holding Co., Limited, an executive director of Feihang Yuanchuang Investment Co., Ltd, and a director and the finance controller of CCOOP Group Co.

Ltd. Mr. Li currently serves as a director and the vice president of Hainan Gongxiao Daji Holding Ltd., and the director, the vice president (chief operating officer) and the secretary to the board of CCOOP Group Co. Ltd. Mr. Feng has joined HNA Group Company Limited since October 2011 and has been acting as a centre manager of its investment banking management department since October 2015. He has extensive work experience in the matters relating to the merger and acquisition, asset reconstruction, equity financing, corporate governance and compliance issues of listed companies in the PRC and Hong Kong.

The Board considers that his educational background and work experience are fit for the future development of the Group. Following the above changes, the Audit Committee comprises Mr. Shin Yick Fabian, Mr. Guan Shiping and Mr. Wu, of which Mr. Shin Yick Fabian is the chairman.