The board of directors of Shanghai Jiaoda Withub Information Industrial Co. Ltd. announced that Mr. Mo Zhenxi and Mr. Wu Hanyuan resigned as the executive directors of the company and the vice chairman of the Board due to other business development effective from July 7, 2015. The Board nominated Mr. Shuai Ge and Mr. Chen Xin as candidates for executive Directors, and Dr. Ni Jing as a candidate for independent non-executive Director. Mr. Shuai, Mr. Chen and Dr. Ni are neither existing executive Directors nor independent
non-executive Directors and they have consented to be nominated as the candidates. Mr. Shuai Ge is an engineer. He has long-term engagement in business management since 1993, and served as the manager of the research and development department of Shanghai
Xianhe Optoelectronics Techology Company Limited and of the import and export division of Shanghai Taiping International Container Co., Ltd, the general manager assistant of Shanghai Xinhua Power Station Control Co. Ltd. Mr. Shuai will be appointed for a period of three years effective from July 7, 2015. Mr. Chen Xin served as the project manager of market research division of Trump Real Estate Consulting (Shanghai) Co. Ltd. He has served as the deputy manager of technology and financial department of Shanghai Technology Venture Capital (Group) Co. Ltd. since 2012. Mr. Chen will be appointed for a period of three years effective from July 7, 2015. Dr. Ni Jing is an associate professor and a supervisor for master students. Dr. Ni has extensive experience in law, and worked for Shenzhen Intermediate People's Court in China, J. Tongue Law Office GD and Beijing JunZeJun Law Offices respectively, and served as the legal consultant for various enterprises. Dr. Ni will be appointed for a period of three years effective from July 7, 2015.