The board of directors of Sheen Tai Holdings Group Company Limited announced that Mr. Guo Cheng has been appointed as an executive director with effect from 20 May 2015. Starting from August 2010, he has been working as an executive assistant of Sheen China (Hong Kong) Limited (an indirect wholly-owned subsidiary
of the company) and is responsible for its general management. In June 2012, he was appointed as the vice president of the company and its subsidiaries.