Zhuhai Holdings Investment Group Limited announced changes to the composition of the Board and the nomination committee of the Board. Mr. Huang Xin has resigned as Chief Executive Officer of the Company with effect from 14 August 2015. Mr. Huang will remain as an executive Director and the Chairman of the Board.

Mr. Huang and the Board confirmed that Mr. Huang has no disagreement with the Board and that neither of them is aware of any matter in relation to Mr. Huang's resignation as Chief Executive Officer of the Company that needs to be brought to the attention of the shareholders of the Company. Mr. Zhou Shaoqiang has been appointed as an executive Director and Chief Executive Officer of the company with effect from 14 August 2015. He is currently a director and an executive deputy general manager of Zhuhai Jiuzhou Holdings Group Co.

Ltd. Mr. Wang Yijiang has been appointed as an independent non-executive Director and a member of the Nomination Committee with effect from 14 August 2015. He is also a member of editorial board at China Economic Review, an advisor of business strategy at credit card centre of Citics Bank.