The board of directors of Tsaker Chemical Group Limited announced that each of Ms. DONG Zhongmei and Mr. DUAN Weidong has resigned as an executive director with effect from 25 August 2016 due to health conditions and work reallocation respectively. The board announced that each of Mr. BAI Kun and Ms. DUAN Weihua has been appointed as an executive director with effect from 25 August 2016. Mr. Bai, aged 39, joined the group in September 2014 as the chief financial officer, being responsible for the financial operations of Group. Mr. Bai is a Certified Public Accountant of China. His work experience includes being a manager at the Tianjin branch of PricewaterhouseCoopers from September 2002 to February 2010 and the financial controller of Tianjin Walkman Biomaterial Co. Ltd., which is principally engaged in the development, manufacture and marketing of medical devices in the People's Republic of China, from February 2010 to August 2014. Ms. Duan, aged 49, has served as the chief development officer of the Group since June 2016. Ms. Duan is responsible for industry research, development planning and investment project research. She joined the Group in 1995 and has over 20 years of experience in the chemical industry.