The board of directors of Xinhua Winshare Publishing and Media Co., Ltd. announced that, on the date of this announcement, the Board received a written resignation from Mr. Yang Miao. Due to pursuit of other personal business, Mr. Yang has tendered his resignation as an executive Director of the Company, with effect from the date of this announcement. Meanwhile, Mr. Yang also resigns as a member of the Strategy and Investment Planning Committee of the Board. Mr. Yang has confirmed that, as at the date of this announcement, he does not have any disagreement with the Board and that there are no other matters relating to his resignation which need to be brought to the attention of the shareholders of the Company.