On December 3, 2018, Ronald Zhang notified Oranco, Inc. of his resignation from the company as the Chief Financial Officer, effective immediately. The Board of Director of the company (the board) has accepted Mr. Zhang’s resignation on December 3, 2018. Mr. Zhang’s resignation as CFO is due to personal reason, and not due to any disagreement with the company on any matter related to the company’s operations, policies or practices. Following Mr. Zhang’s departure as CFO, the Board appointed Mr. Patrick Wang as CFO effective as of December 3, 2018. Mr. Wang has over 12 years of financial and leadership experience at the managerial level. Wang has served as the CFO of Amax International Holdings Limited from October 2012 to present. From January 2007 to July 2012, Mr. Wang served as the Senior Manager of Crowe CPA Group. Mr. Wang does not have any family relationship with any other director or executive officer of the company. There have been no related party transactions between the company and Mr. Wang reportable under Item 404(a) of Regulation S-K.