The board of directors of Hao Wen Holdings Limited announced that with effect from August 11, 2016, Dr. Yang Guofeng has been appointed as the Chief Executive Officer and President of the company and its subsidiaries. Dr. Yang has over 20 years of experience in corporate management and has held several senior management positions in oil and biological companies in China and Hong Kong. Dr. Yang will be responsible for formulating the Group's corporate strategies and general administration affairs.