The Board of Greater China Holdings Ltd. announced that Mr. Shao Yonghua (“Mr. Shao”) has been appointed as an executive
Director of the Company, with effect from 16 July 2015. Mr. Shao Yonghua, aged 41, is the director of Intraday Financial Information Service Limited (“Intraday”), which controls the management and operations of Shanghai Dangtian Financial Information Service Co., the operator of an Internet finance platform, under a variable interest entity structure. Mr. Shao is the founder and chairman of Dangtian and is responsible for its overall strategic planning.