The Board of Wanjia Group Holdings Limited announced that Dr. Liu Yongping has been appointed as independent non-executive Director, members of the audit committee, remuneration committee and nomination and corporate governance committee of the Company, all with effect from February 27, 2014. The Board further announced that Mr. Zhu has resigned as independent non-executive Director and will, ipso facto, cease to be the members of the audit committee, remuneration committee and nomination and corporate governance committee of the Company all with effect from February 27, 2014. Dr. Liu has more than 20 years of experience in the capital market and merger and acquisition legal services sector.