The board of directors of Zhou Hei Ya International Holdings Company Limited announced that, in order to optimize the role of the Board members and to promote business development, and in order to better comply with the principles and the code provisions set out in the Corporate Governance Code in Appendix 14 to the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited, Mr. Zhou Fuyu has stepped down from the position of Chief Executive Officer of the company with effect from March 22, 2017. Mr. Zhou Fuyu will stay on to serve the company as an executive Director, the Chairman of the Board and the Chairman of the nomination committee of the Board. The Board announced that Mr. Hao Lixiao an executive Director, has been appointed as the Chief Executive Officer with effect from March 22, 2017. Mr. Hao Lixiao was appointed as an executive Director on June 8, 2016 and is primarily responsible for finance and investment related matters as well as the overall public relations, legal and compliance matters of the Group. He is also the executive director of Shanghai Zhou Hei Ya Commerce & Trade Co. Ltd. and Jiangsu Dashike Trade Co. Ltd.