Tianli Holdings Group Limited announced that Mr. Huang Mingxiang, the Chairman of the Board, executive director and CEO of the company, has resigned from the post of CEO with effect from 25 August 2017. The Board announced that Mr. Jin Zhifeng has been appointed as an executive director and CEO of the company with effect from 25 August 2017. The Board further announced that Mr. David Tsoi has been appointed as an independent non-executive director and a member of the audit committee of the Board with effect from 25 August 2017.

Mr. Huang will remain as the Chairman, executive director, and a member of both of the nomination committee and remuneration committee of the Board. Mr. Jin is a public valuer certified by the Ministry of Finance of the People's Republic of China, a member of the China Appraisal Society and a certified senior economist. Before joining the company, Mr. Jin had held various senior executive positions at a nationwide asset management company in China with extensive experience in investment banking and asset management.

Mr. Tsoi is an independent non-executive director of Guru Online (Holdings) Limited, Green International Holdings Limited, VPower Group International Holdings Limited and Universal Technologies Holdings Limited. Mr. Tsoi was an independent non-executive director of CRRC Corporation Limited until 16 June 2014, Anxin- China Holdings Limited until 11 May 2017, Enviro Energy International Holdings Limited until 15 June 2017 and MelcoLot Limited until 10 July 2017.