The board of directors of Orient Victory China Holdings Limited announced that with effect from 15 July 2017, Mr. Zhao Huining, an executive Director appointed at the annual general meeting of the company held on 16 June 2017, was appointed as the chief executive officer of the company and a member of each of the nomination committee and the remuneration committee of the company. Mr. Zhao is currently a director and the president of China Culture Industry Investment Fund Management Co. Ltd. Mr. Zhao was a non-executive director of China Suntien Green Energy Corporation Limited, during the period from February 2010 to August 2014.