The board of directors of Qinqin Foodstuffs Group (Cayman) Company Limited announced that Mr. Zhu Hong Bo has been appointed as the Chief Executive Officer of the Group with effect from 1 January 2017. The Board considers that Mr. Zhu, with his extensive experience in corporate strategic development and investment, will facilitate the development and execution of the Group's business strategies and create value for the shareholders of the Company. Mr. Zhu worked in the Strategic Development Department of Hengan International Group. Company Limited from October 2010. He is the Director of the Strategic Development Department of Hengan and is responsible for overseeing the corporate development and investment functions of Hengan and its subsidiaries. He has resigned from his current position with Hengan with effect from 31 December 2016.