The board of directors of Huiyin Holdings Group Limited announced that Ms. Li Wenjun has been appointed as non-executive Director with effect from 16 January 2018. Mr. Xiao Liang's appointment as non-executive Director will take effect on the next business day from the date of obtaining the working visa permission from the Immigration Department, the Government of the Hong Kong Special Administrative Region (Immigration Department'). Ms. Li is currently the financial controller of Shanghai Fuxin Industrial Company Limited. She served as the deputy controller of the financial centre and the assistant to the president of Shanghai Fuxing Finance Holding (Group) Company Limited from June 2013 to December 2016 and May 2011 to May 2013 respectively. Under the letter of appointment entered into between Ms. Li and the Company, the appointment will take effect from 16 January 2018 for a term of one year provided that her employment may be terminated at any time on expiry of not less than one month's written notice given by any party. Mr. Xiao is currently the chairman and chief executive officer of Xueban Future (Beijing) Education Technology Company Limited. Under the letter of appointment entered into between Mr. Xiao and the Company, the appointment will take effect on the next business day from the date of obtaining the working visa permission from the Immigration Department for a term of one year provided that his employment may be terminated at any time on expiry of not less than one month's written notice given by any party.