The board of directors of Sino Splendid Holdings Limited announced that with effect from May 29, 2015, Ms. Peng Jiang (Ms. Peng) has resigned as an Independent Non-executive Director, the chairman of each of the audit committee, remuneration committee and the nomination committee of the company in order to devote more time on her other business commitments; and Mr. Wu Guilong has resigned as an Independent Non-executive Director, a member of each of the Audit Committee, the Remuneration Committee and the Nomination Committee as he would like to devote more time on his personal affairs. The Board also announces that, with effect from May 29, 2015, Ms. Yang Shuyan (Ms. Yang) has been appointed as an Independent Non-executive Director and the chairman of each of the Audit Committee, the Remuneration Committee and the Nomination Committee; and Mr. Zhang Xiaoguang (Mr. Zhang) has been appointed as an Independent Non-executive Director and a member of each of the Audit Committee, the Remuneration Committee and the Nomination Committee. Ms. Yang served as the financial controller of Anxin-China Holdings Limited (a company listed on the Main Board of The Stock Exchange of Hong Kong Limited) since 2011.

Mr. Zhang, currently serves as the general manager of Shenzhen Tian Heng Marketing Consultancy Company Limited.