The Board of New Sports Group Limited announced that Mr. Wang Zhiqiang, Mr. Zuo Jian Zhong, Mr. Tang Yau Sing, Mr. Zhang Zhige and Mr. Liu Wei have tendered their resignation as executive directors of the Company with such resignations to take effect from 1 April 2016. The Board announced that Mr. Lau Wan Po and Mr. Zhang Xiaodong have been appointed as executive directors of the Company with such appointments to take effect from 1 April 2016. The Board announced that Ms. Xia Lingjie has been appointed as a non- executive director of the Company with such appointment to take effect from 1 April 2016.

The Board of announced that Mr. Wang Zhiqiang and Mr. Zuo Jian Zhong will cease to be co-chairman of the Company with such cessations to take effect from 1 April 2016. Mr. Zuo Jian Zhong has tendered his resignation as the chief executive officer of the Company with such resignation to take effect from 1 April 2016. Mr. Zhang Xiaodong has been appointed as the chairman and the chief executive officer of the Company with such appointment to take effect from 1 April 2016.

The Board announced that Mr. Tang Yau Sing has tendered his resignation as the authorized representative of the Company with such resignation to take effect from 1 April 2016. Mr. Zhang Xiaodong has been appointed as the authorized representative of the Company with such appointment to take effect from 1 April 2016. The Board announced that Mr. Zuo Jian Zhong will cease to be a member of Salary Review Committee and the chairman of Risk Management Committee of the Company with such cessation to take effect from 1 April 2016.

Mr. Zhang Xiaodong has been appointed as a member of Salary Review Committee with such appointment to take effect from 1 April 2016. Mr. Tang Yau Sing and Mr. Zhang Zhige will cease to be a member of the Risk Management Committee of the Company with such cessations to take effect from 1 April 2016. Mr. Zhang Xiaodong, Mr. Lau Wan Po and Ms. Xia Lingjie have been appointed as members of Risk Management Committee of the Company with such appointments to take effect from 1 April 2016.

Mr. Zhang Xiaodong has been appointed as the Chairman of the Risk Management Committee of the Company with such appointment to take effect from 1 April 2016. Mr. Lau Wan Po has been the chairman of Qian Hai Securities Limited since December 2015. Since December 2015, Mr. Zhang Xiaodong has been a director and vice chairman of Starlight Financial Holdings Limited where he is mainly responsible for formulation of operation strategies and decision making on budget and distributions.