China Pioneer Pharma Holdings Limited announced that with effect from 29 December 2016 Mr. Wang Yinping has been re-designated from the position of executive Director to non-executive Director, and has resigned as the Chief Executive Officer of the company due to his other personal engagements. Mr. Zhu Mengjun has been re-designated from the position of Chief Financial Officer to Chief Executive Officer of the company; and Mr. Xue Yi has been appointed as the Chief Financial Officer of the company.