The board of directors of Yida China Holdings Limited announced that, as Ms. Ma Lan (Ms. Ma) would like to devote more time to her other personal commitments, Ms. Ma has resigned as executive Director and chief financial officer (CFO), as well as an authorized representative of the Company with effect from 29 March 2019. The Company also announced that Mr. Jiang Xiuwen, an executive Director, has been appointed as an authorised representative of the Company with effect from 29 March 2019. Mr. Xu Beinan (Mr. Xu) has been appointed as the executive Director and CFO of the Company with effect from 29 March 2019.

Mr. Xu shall be responsible for financing and fund management of the Group.