The board of directors of E-Commodities Holdings Limited announced that Mr. Li Jianlou will be appointed as an executive director of the Company with effect from 30 March 2018. Mr. Li is currently the vice president of the Company in charge of the business segment of supply chain logistics. Mr. Li also hold positions in the following subsidiaries of the Company: chairman of Inner Mongolia Hutie Winsway Logistics Co. Ltd.; chairman of Erlianhaote Haotong Energy Co. Ltd.; chairman of Ejina Qi Ruyi Winsway Energy Co. Ltd.; director of Bayannur Hutie Ruyi Logistics Co. Ltd.; director of Inner Mongolia Huayuan Logistics Company Limited; director of Shenhua Ganquan Railway Co. Ltd.; and director of Xigan Railway Co. Ltd. The Board further announced that Ms. Zhu Hongchan has tendered her resignation as an executive director of the Company with effect from 29 March 2018 as she would like to focus on the coking coal business of the Group and devote more time to the development thereof. After the resignation, Ms. Zhu will remain her position as an employee of the Company.