The board of directors of Fu Shou Yuan International Group Limited announced that Mr. Zhao Yu (Mr. Zhao) has tendered his resignation as a joint company secretary of the company with effect from March 17, 2017. Following the resignation, Mr. Zhao will stay with the company to lead the 'Fu Shou Home' department focusing on the analyses and development of preneed and funeral planning business. Following the resignation of Mr. Zhao, Mr. Zhang Jingming, currently the other joint company secretary, will remain as the sole company secretary of the company.