The board of directors of China Regenerative Medicine International Limited announced that with effect from 25 January 2017, Mr. Chen Chunguo (Mr. Chen), a president of the company, has been appointed as an executive director. From 1996 to 2012, Mr. Chen served as president of Dalian Shide Group Co. Ltd. who was responsible for the overall management of this 3000-employee group. Mr. Chen has entered into an appointment letter with the company for a term of two years with effect from 25 January 2017, and is subject to retirement by rotation and re-election at the next.