The board of directors of Sincere Watch (Hong Kong) Limited announced that with effect from 27 August 2016: Mr. An Muzong will be appointed as an executive director; and Mr. Yu Zhenxin will be appointed as an independent non-executive director, a member of the audit committee and a member of the investment committee. Mr. An, aged 52, is currently a director of certain subsidiaries of the company and the general manager of Shenyang Development Beida Education Science Park Company Limited. He was the general manager of Beijing Beida Sci-Tech Industry Development Center from September 2000 to June 2005. Mr. Yu, aged 45, is currently a director and general manager of Suzhou Huaze Nano Material Company Limited. He was director of the office of the board of directors and supervisory board of Minsheng Life Insurance Company Limited from 2007 to 2012, and secretary of the general office of All-China Federation of Industry and Commerce from 1998 to 2010.