The board of directors of Haichang Ocean Park Holdings Ltd. announced that Professor Fang Hongxing has resigned as an independent non-executive Director and has accordingly resigned as the chairman of the audit committee and also a member of each of the remuneration committee, the risk management and corporate governance committee and the independent board committee of the Company with effect from 25 January 2017; and Professor Xie Yanjun has resigned as an independent non-executive Director and has accordingly resigned as a member of each of the audit committee, the nomination committee, the risk management and corporate governance committee and the independent board committee of the Company with effect from 25 January 2017. The Board also announced Professor Chen Guohui has been appointed as an independent non-executive Director and also as the chairman of the audit committee and a member of each of the remuneration committee, the risk management and corporate governance committee and the independent board committee of the Company with effect from 25 January 2017; and Professor Zhang Meng has been appointed as an independent non-executive Director and also as a member of each of the audit committee, the nomination committee, the risk management and corporate governance committee and the independent board committee of the Company with effect from 25 January 2017. Prof. Chen Guohui is currently the principal of the Dalian University of Finance and Economics of China, as well as a professor and a doctoral supervisor of the School of Accounting in the Dongbei University of Finance and Economics of China. He is also the vice president of the Account Society of Liaoning, China, entitled to the special government allowances of the State Council of China. He currently serves as an independent director for YTO Express Group Co. Ltd. (formerly known as Dalian Dayang Trands Co. Ltd.) and Dalian Energas Gas-system Co. Ltd., both of which are listed on the Shanghai Stock Exchange. From 2001 to 2013, Prof. Chen was the secretary and dean for the Jinqiao Commercial College of Dongbei University of Finance & Economics. From 2013 until now, he has been the principal of the Dalian University of Finance and Economics.