The Board of Zheda Lande Scitech Limited announced that as a result of the change of control of the company, with effect from February 17, 2017: Mr. Chao Hong Bo will resign as an executive Director and a vice chairman of the Board; Mr. Xia Zhen Hai will resign as an executive Director and a vice chairman of the Board; Mr. Xie Fei will resign as an executive Director; and Ms. Liu Chun Fang will resign as a supervisor of the company. The Board announced that Mr. Chen will resign as the chief executive officer of the company and Mr. Qi Jinsong will be appointed as the new chief executive officer of the company, both with effect from February 17, 2017. Mr. Qi Jinsong has been appointed as general manager and president of the board of Zhejiang Shenghua Qiang Ci Material Company Limited from January 2009 to February 2012.

From February 2012 to April 2013, he was the deputy general manager and later the general manager of Shenghua Estate Group Company Limited. From April 2013 to July 2013, he was appointed as the deputy general manager of Zhejiang Shenghua Biok Biology Co. Ltd. The company will enter into a service contract with Mr. Qi.

The term of office of Mr. Qi as the chief executive officer will be from 17 February 2017 till the expiration of the term of office of the current Board, that is 20 September 2019. The Board announced that Mr. Wang Linhua will resign as the financial controller of the company and Mr. Guan Zilong will be appointed as the new financial controller of the company, both with effect from February 17, 2017. Mr. Wang will also resign as the vice president of the company with effect from 17 February 2017 but will remain as an executive Director.

Mr. Guan Zilong joined the Company in June 2016. Between July 2011 and May 2016, he was with Pan-China Certified Public Accountants LLP. The Board announced that Mr. Chao Hong Bo will resign as the compliance officer of the company and Mr. Chen will be appointed as the compliance officer of the Company, both with effect from 17 February 2017.