The board of directors Hosa International Limited announced that Mr. Zhao Yan (Mr. Zhao') has tendered his resignation as an executive Director and a member of the Remuneration Committee of the Company with effect from 1 December 2015 in order to devote more time on his other business commitments. Mr. Wang Yao (Mr. Wang') has tendered his resignation as an independent non-executive Director, a member of the Audit Committee, a member of the Nomination Committee and a member of the Remuneration Committee of the Company with effect from 1 December 2015 in order to focus on his primary business commitments. The Board also announced that Mr. Shi Zhixiong (Mr. Shi') has been appointed as an executive Director and a member of the Remuneration Committee of the Company, and Mr. He Wenyi (Mr. He') has been appointed as an independent non-executive Director, a member of the Audit Committee, a member of the Nomination Committee and a member of the Remuneration Committee of the Company with effect from 1 December 2015.

Mr. Shi Zhixiong worked at the research and development department of Haosha Garments Co. Ltd. from 1996 to 2003 with his last position as manager. He served as the sales director responsible for sales and marketing development and deputy general manager responsible for implementing business development strategies and overseeing the business activities of Haosha Garments Co.

Ltd. from 2003 to 2010 and from 2010 to 2015 respectively. Mr. He Wenyi is the deputy director of the Peking University Institute for Sport Science as well as the executive officer and the researcher of China Institute for Sports Value under the Peking University.