The board of directors of Orient Victory China Holdings Limited announced that, as Mr. Li Yankuan had retired from office and did not offer himself for re-election at the Annual General Meeting of the Company held on 16 June 2017, he ceased to be a director and a member of the audit committee of the Company with effect from after the AGM. Following Mr. Li's retirement, Ms. Song Sining was appointed as a non-executive director of the Company at the AGM and was also appointed as a member of the Audit Committee with effect from 16 June 2017 in place of Mr. Li.