The Board of Greater China Financial Holdings Limited announced that, with effect from 30 June 2016, Mr. Liu has been re-designated from a non-executive Director to an executive Director and has been appointed as the chief executive officer, the chairman of the Board and an authorised representative of the company. The Board announced that, with effect from 30 June 2016, Mr. Zhang and Mr. Zhou have been appointed as independent non-executive Directors and members of the audit committee of the Company. The Board announced that Mr. Chen has resigned as an executive Director, chief executive officer and an authorised representative of the company due to his other business commitments; and Ms. Chan has resigned as an executive Director and member of remuneration committee of the company due to her family commitments.

Ms. Chan remains as the chief financial officer, the company secretary and the authorised representative of the company. Mr. Liu was previously the chief executive officer of Yunnan Ziyuan Group Co. Ltd. Mr. Zhang, and is currently the managing director of Yongsheng (HK) International Co., Limited which was previously owned by a Hong Kong listed company.

He has over 20 years of experience in investment, corporate management and international trade industry. Mr. Zhou is currently the managing director of H&H Microelectronics Co. Ltd. He has over 20 years of experience in investment, corporate management and technology industry.