On 18 December 2015, Sound Global Ltd. removed Mr. Wang as the CFO and appointed Mr. He Hongbing as the new CFO. From July 2008 to November 2014, Mr. He worked as the senior project manager, assistant president and vice president of Sino Oil and Gas Holdings Limited. From December 2014 to December 2015, he worked as the vice president of Linuo Group Co.

Ltd. Mr. Wang has tendered his resignation as an Executive Director of the Company with effect from 18 December 2015. Mr. Wang has confirmed that there is no disagreement with the Board and there is no matter in respect of his resignation that need to be brought to the attention of the shareholders of the Company or the Stock Exchange.