The board of directors of Fortunet e-Commerce Group Limited announced that Mr. Liu Erhfei has tendered his resignation as an independent non-executive director of the company, with effect from 1 April 2017 in order to act as the executive director of a subsidiary of the company. Upon his resignation, he ceased to be the chairman of the remuneration committee, a member of the audit committee. The Board announced that Mr. Liu Jialin has been appointed as an independent non-executive director, the chairman of the remuneration committee, a member of the audit committee of the company with effect from 1 April 2017. As at the date of this announcement, Mr. Liu JL serves as the independent non-executive director of China Merchants Securities Co. Ltd. and Far East Horizon Limited. Mr. Liu JL has been the managing director of Cinda International Asset Management Limited since February 2011.