The board of directors of Xi'an Haitiantian Holdings Co., Ltd. announced that Mr. Chen Ji has tendered a resignation notice resigning as the chairman of the Board with effect from 31 December 2018. Mr. Chen confirmed that his resignation was due to other work commitment and having considered time and contribution required to perform the responsibilities of the chairman of the Board. He also confirmed that there is no disagreement with the Board. After discussion and consideration by the Board, Mr. Chen was appointed as the vice chairman of the Board with effect from 31 December 2018. Following the Resignation of Chairman, and after discussion and consideration by the Board, Mr. Xiao Bing was appointed as the chairman of the Board, and accordingly resigned as the vice chairman of the Board, with effect from 31 December 2018.