The board of directors of China Minsheng Drawin Technology Group Limited announced that Mr. Mi Hongjun has resigned both as chairman of the Board and as chairman of the nomination committee of the company due to change in work arrangements with effect from 3 October 2016. Mr. Mi will remain as an executive director of the company and a member of the remuneration committee of the company. Mr. Yin Jun, an executive director of the company, deputy chairman of the Board and chief executive officer of the company has been appointed as chairman of the Board and chairman of the Nomination Committee with effect from 3 October 2016, and continues to be the CEO. Mr. Yin was appointed as an executive director of the company, deputy chairman of the Board and CEO in July 2015. Mr. Yin is currently the vice president of China Minsheng Jiaye Investment Co., Ltd, director and general manager of China Minsheng Drawin Co. Ltd. Before joining CMJYI, Mr. Yin has more than 18 years of experience in building and real estate industry in big state-owned enterprise and held important management positions.