The Board of Directors of Sinoref Holdings Limited announced that with effect from 12 May 2017 Dr. Wang Matthew Yang has been appointed as Co-Chief Executive Officer of the Company. Dr. Wang Matthew Yang currently serves as the president of Cybernaut Investment Group and is mainly in charge of international merger and acquisition, investment funds such as big-data fund and Zhejiang University International Innovation Institute affairs. Dr. Wang, together with Mr. Gao Xiang, the company's existing Chief Executive Officer, will be Co-Chief Executive Officers of the Company.