The board of directors of Sino Splendid Holdings Limited announced that with effect from September 29, 2015, Mr. Wang Tao has been appointed as an executive director. He has accumulated more than 20 years of experience in investment and construction management. Mr. Wang was the deputy general managers of a private real estate development company located in Beijing since 2004.

Mr. Wang was appointed for an initial term of two years commencing from 29 September 2015 subject to the rotational retirement and re-election provisions of the articles of association of the company.