The board of directors of Wanda Hotel Development Company Limited announced the following changes of independent non-executive directors and composition of the board committees of the company: Mr. Liu Jipeng has resigned as an independent non-executive Director with effect from 21 March 2019 due to personal reasons and other commitments. Dr. Xue Yunkui has resigned as an independent non-executive director with effect from 21 March 2019 due to personal reasons and other commitments. With effect from 21 March 2019, Dr. Chen Yan has been appointed as an independent non-executive Director. From March 2018, Dr. Chen has been serving as the independent director of Liaoning SC Technology Co., Limited. With effect from 21 March 2019, Dr. Teng Bing Sheng has been appointed as an independent non-executive Director. From January 2017, Dr. Teng has been serving as an independent non-executive director in Haisco Pharmaceutical Group Co. Ltd. As a result of the resignation of Mr. Liu as an independent non-executive Director, he has ceased to act as the chairman of the remuneration committee and a member of the nomination committee of the Company with effect from 21 March 2019. As a result of the resignation of Dr. Xue as an independent non-executive Director, he has ceased to act as the chairman of the audit committee and a member of the nomination committee of the company with effect from 21 March 2019. As a result of appointment of Dr. Chen and Dr. Teng as the independent non-executive Directors and as chairwoman and member of the audit committee of the company, respectively.