The Board of Ta Yang Group Holdings Limited announced that Ms. Shi Qi has been appointed as an executive Director, the chief executive officer and the chairman of the Board. Each of Ms. Xu Chendi and Mr. Qiu Yonghao has been appointed as an executive Director; and Each of Mr. Gao Feng and Mr. Han Lei has been appointed as a non-executive Director. Ms. Shi was responsible for financing, devising the conceptual design and the implementation plan and monitoring and managing the progress of the construction.

Ms. Shi will also be responsible for the project's subsequent operation and maintenance for 30 years. Mr. Gao Feng has been the General Manager of Beijing Zhongmei Zhengchen Construction Limited Company. Following the appointment of Ms. Shi Qi as the CEO and the chairman of the Board, Mr. Huang Sheng-Shun has ceased to be the chairman of the Board and Mr. Huang Te-Wei has ceased to be the CEO with immediate effect, but both shall remain as the executive Directors.