The board of directors of Orient Victory Travel Group Company Limited announced that Mr. Zhao Huining has resigned from being a member of each of the nomination committee and the remuneration committee of the Company with effect from 24 August 2018 in order to comply with Code Provision A.5.1 of the Corporate Governance Code and Corporate Governance Report as set out in Appendix 14 to the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") that a nomination committee should be comprised a majority of independent non-executive directors and Rule 3.25 of the Listing Rules that a remuneration committee must be comprised a majority of independent non- executive directors. Mr. Zhao will remain as an executive Director. Nomination Committee consist of Shi Baodong, executive director (chairman), He Qi, independent non-executive director (member), Suei Feng-jih, independent non-executive director (member). Remuneration Committee consist of Dong Xiaojie, independent non-executive director (chairman), Shi Baodong, executive director (member), Suei Feng-jih, independent non-executive director (member).