The board of directors of Peace Map Holding Limited announced that Mr. LI Chengning and Mr. XU Jian be appointed as executive directors of the company with effect from 1 October 2017. Mr. LI Chengning has over 30 years' experience in investment management and capital market area. He is currently the chief investment officer of AVIC International (HK) Group Limited. Mr. LI Chengning is also a director of certain subsidiaries and associated companies of AVIC Int'l Group. Mr. XU Jian has over 10 years' experience in accounting, financial management and investment management. He is currently the assistant chief financial officer of AVIC Int'l Group. Ms. LI Nan and Mr. XU Lei be appointed as independent non-executive directors of the company with effect from 1 October 2017. Ms. LI Nan has over 16 years' experience in accounting and financial analysis. Ms. LI Nan is currently the sales strategy and executive officer of Microsoft (China) Limited. Mr. XU Lei is currently a practicing lawyer of Beijing Goodwill Law Firm. The Board announced that Mr. ZHU Dong and Mr. FENG Tao have tendered resignation as executive directors of the company with effect from 1 October 2017 as each of them intends to devote more time on pursuing other business commitments. Mr. ZHU will continue to serve as the deputy chief executive officer of the company and Mr. FENG will continue to serve as the chief financial officer of the company. Mr. ZHAI Shenggang and Mr. KANG Hua have tendered resignation as independent non-executive directors of the company with effect from 1 October 2017 as each of them intends to devote more time on pursuing other business commitments. Mr. LI Bin, an executive director of the company, be appointed as a member of each of the Remuneration Committee and the nomination committee of the company with effect from 1 October 2017. Mr. LI Chengning be appointed as a member of the executive committee of the company with effect from 1 October 2017. Ms. LI Nan be appointed as a member of each of the Remuneration Committee, the Nomination Committee and the audit committee of the company with effect from 1 October 2017. Mr. XU Lei be appointed as a member of the Audit Committee with effect from 1 October 2017. Following his resignation as an executive director, Mr. ZHU will cease to be a member of each of the Remuneration Committee, the Nomination Committee and the Executive Committee with effect from 1 October 2017. Following his resignation as an independent non-executive director, Mr. ZHAI will cease to be a member of each of the Audit Committee, the Nomination Committee and the Remuneration Committee with effect from 1 October 2017. Following his resignation as an independent non-executive director, Mr. KANG will cease to be a member of the Audit Committee with effect from 1 October 2017. The Board further announced that Mr. ZHU will cease to act as an authorised representative and Mr. LI Bin will be appointed to act as the Authorised Representative with effect from 1 October 2017.