The board of directors of Sincere Watch (Hong Kong) Limited announced that with effect from 22 April 2016: Mr. Zhang Xiaoliang has been appointed as an executive Director and a co-chairman of the Board; and Mr. Yang Guangqiang (‘‘Mr. Yang'') has been appointed as an executive Director. Mr. Zhang, is currently a director of an indirect wholly-owned subsidiary of the Company, the president and producer of Aquamen Entertainment LLC., president of Beijing Chi-Cha Networks Technology Company Limited, chairman of Chongqing branch of China International Engineering Design & Consult Company Limited, founder, a director and chief scientist of Beijing Quanlian Networks Technology Company Limited, chief scientist of Channelsoft (Beijing) Technology Co., Ltd, a director of The China Yanan Spirit Research Society and vice chairman of The China Yanan Association. Mr. Yang, is currently the president of Greater China of Hongkong Moneykey Corp.

Limited, chairman of the board of Dongguan Dongcheng Yu Hua School of Vocational Training, chairman of Occupational Safety and Health Association of Dongguan City, standing director of China Artistic Photography Society and vice chairman of Guangdong Artistic Photography Society. Mr. Yang was a liaison officer of the External Affairs Department of City College of Dongguan University of Technology.