Two of the directors of Chineseinvestors.com, Inc. expressed their to step off the board of directors of the company once the company could find satisfactory replacements. Mr. Brett Roper expressed a desire to be able to focus his efforts fully on the further development of Medicine Man Technologies Inc. ("MMT") instead of continuing to split his time between his responsibilities with MMT and his roles as chief operating officer and director of the company. In addition, the Company's long time independent director, James S. Toreson, age 74, expressed his desire to resign and not to be nominated for the upcoming year.

Mr. Toreson is in the process of retiring from his commitments to the Company. It should be noted that he is involved in several enterprises in the emerging legal cannabis market and expressed interest in focusing more of his time in business opportunities in that market. Though neither Mr. Roper nor Mr. Toreson tendered his resignation during previous discussions, they expressed a desire to fully transition, if there was a way to do so without creating a burden to the Company.

Following a thorough search, the board nominated two highly qualified prospective members, who along with the Chairman and CEO, Mr. Warren Wang were slated to be voted on by the shareholders at the board meeting to be held October 22, 2016. Paul D. Dickman, the Company's chief financial officer since 2009, also tendered his resignation effective October 21, 2016 as he is pursuing a new venture that will take the majority of his time. However, Mr. Dickman agreed to accept a nomination as a member of the company's board of directors effective October 22, 2016 which will serve to provide a smooth transition for the Board as it considered suitable replacements based upon his service as CFO since 2011.

The board of directors appointed the three nominees, Mr. Wang, Mr. Dickman and Jack Deng to serve as the company's board of directors for the next year. The board of directors then hired Mr. Deng to serve as the company's Chief Financial Officer. Mr. Deng has extensive experience with major investments in China as well as managing a major trading company in China.

Mr. Deng will also act as the chair of the compensation committee. As noted, Mr. Dickman was appointed to the board. He is no longer an employee of the company and will serve as the chair of the audit committee and governance committee.