The board of directors of Sinoref Holdings Limited announced that with effect from 16 February 2017, Mr. Zhu Min has been appointed as the chairman and an executive Director of the company, Mr. Gao Xiang has been appointed as an executive Director and the chief executive officer of the company, Mr. Lu Yongchao, resigned as chief executive officer of the company and has been appointed as an executive Director of the company and Mr. Xu Yejun resigned as chairman of the company but remains as an executive Director of the company. Mr. Zhu Min co-founded Future Labs Inc. in 1991. In 1996, he co-founded WebEx Communications Inc. In 2003, Mr. Zhu became the sole investment partner in China of New Enterprise Associates.

In 2005, Mr. Zhu founded Cybernaut Investment Group. Mr. Gao Xiang currently serves as a senior partner of Cybernaut Investment Group. Mr. Lu was a team member of Ample Luck International Capital Group Limited.