Goodbaby International Holdings Limited announced that The group appointed Ms. Rongfen Jiang as Chief Executive Officer of its business in China market. Ms. Jiang joined one of the member companies of the Group in February 2016 as general manager of its gb branded baby care business. Given her proven track record of achieving fast and profitable growth for the baby care business for two consecutive years, Ms. Jiang was then promoted to senior vice president to assume responsibility for the business of all the gb branded product categories in China. Before joining the Group, Ms. Jiang had more than 15 years of experience in managing international fashion brands and retailing in China market. She has in-depth understanding of China market with extensive knowledge about brand development and retail management. The Board of Directors of the Company also announced that Mr. Yang Ilcheul has tendered his resignation as an Executive Director of the Company and from all his positions in the Company and its subsidiaries with immediate effect on the date of this announcement to pursue his other opportunities. After his resignation, Mr. Yang will assume a management role of a business which is independent of and unrelated to the Group and owned by Mr. Song Zhenghuan.