The board of Directors of Sino Prosper (Group) Holdings Limited announced that Ms. Xuan Hong ("Ms. Xuan") resigned as independent non-executive Director with effect from 19 March 2018 as she would like to spend more time pursuing her own business and ceased to be the chairman of each of the audit committee (the "Audit Committee") and the remuneration committee (the "Remuneration Committee") of the Company. The Board also announced that Mr. Miao Yanan ("Mr. Miao") was appointed as an independent non-executive Director and the chairman of each of the Audit Committee and the Remuneration Committee with effect from 19 March 2018.