The board of directors of New Sports Group Limited announced that Mr. Han Chu has tendered his resignation as an independent non-executive director of the company with effect from 30 May 2016 due to other work commitments. The Board announced that each of Mr. Chen Zetong, Ms. He Suying and Dr. Tang Lai Wah has been appointed as an Independent Non-Executive Director with effect from 30 May 2016. The Board further announced that Mr. Han Chu ceased to be a member of the Audit Committee, the Nomination Committee and the Salary Review Committee of the company with effect from 30 May 2016.

Each of Mr. Chen Zetong, Ms. He Suying and Dr. Tang Lai Wah has been appointed as a member of the Audit Committee, the Nomination Committee and the Salary Review Committee of the Company with effect from 30 May 2016. Ms. He Suying was appointed as the chairman of Nomination Committee of the company with effect from 30 May 2016. The Board hereby announced that Mr. Tang Yau Sing has tendered his resignation as chief financial officer of the company with effect from 12 May 2016 due to other work commitments.

The Board announced that Mr. Wong Yu King has been appointed as the Chief Financial Officer with effect from 1 June 2016, and is responsible for financial management and compliance assurance for the Group. Mr. Wong graduated from The Chinese University of Hong Kong and obtained a bachelor's degree in Business Administration (Professional Accountancy) in 2005. Mr. Chen Zetong had previously served as a judge in the People's Republic of China in the commercial area for 16 years.

Since September 2012, he has been a senior partner of JunZeJun Law Offices in Beijing. Since April 2016, he has been a Director of China Practice of Nixon Peabody CWL in Hong Kong. Ms. He Suying, since May 2006, Ms. He has been working at Shenzhen Capall Asset Management Co.

Ltd. She concurrently serves as an independent director of Baocheng Investment Co. Ltd., Shenzhen Salubris Pharmaceuticals Co. Ltd., Guangdong Evergreen Feed Industry Co.

Ltd. and Leadshine Technology Co. Ltd. in Shenzhen. From September 2007 to September 2013, she was an independent director of MYS Group Co.

Ltd. From August 2003 to December 2008, she served as a director of Shenzhen Seg. Dasheng Co. Ltd. (now renamed as Shenzhen Quanxinhao Co.

Ltd.). Dr. Tang Lai Wah has been the chief financial officer and company secretary of Excel Technology International (Hong Kong) Limited (Excel Technology) since 2002. She was the chief financial officer and company secretary of Hong Kong Jewellery Holding Limited from December 2002 to August 2014.

Prior to joining Excel Technology, she was Group Financial Controller in companies listed on the Main Board of the Hong Kong Stock Exchange, including Star Telecom International Holdings Limited and South China Media Group.