The Board of Yida China Holdings Limited announced that with effect from 31 December 2016: Mr. Sun Yinhuan has resigned as an executive Director due to the change of controlling Shareholder and management; Mr. Sun Yinfeng has resigned as an executive Director due to the change of controlling Shareholder and management; Mr. Wen Hongyu has resigned as an executive Director due to the change of controlling Shareholder and management; and Mr. Ip Yuk Chi Eddie has resigned as an independent non-executive Director. The Board announced that with effect from 31 December 2016: Mr. Zhang Zhichao has been appointed as an executive Director; Mr. Chen Donghui has been appointed as an executive Director; Ms. Ma Lan has been appointed as an executive Director; Mr. Chen Chao has been appointed as a non-executive Director; Mr. Zhao Xiaodong has been appointed as a non-executive Director; Mr. Wang Yinping has been appointed as an independent non-executive Director; and Mr. Han Gensheng has been appointed as an independent non-executive Director. Mr. Zhang Zhichao, aged 54, is the vice president of China Minsheng Investment Corp.

Ltd. and the chairman of the board of directors of China Minsheng Jiaye Investment Co. Ltd. Mr. Chen is the executive director of SRE Group Limited, the non-executive director of China Minsheng Drawin Technology Group Limited and the general manager of CMIG Jiaye. Ms. Ma Lan, aged 44, is a vice president and the chief financial officer of the Group.

Ms. Ma joined the Group in October 2004. Mr. Zhao Xiaodong, aged 37, is the non-executive director of China Minsheng Drawin Technology Group Limited and the chief financial officer of CMIG Jiaye. Mr. Zhao Mr. Chen Chao, aged 36, is the executive director of SRE Group Limited and the chief risk management officer of CMIG Jiaye.

Mr. Wang Yinping, aged 54, has extensive experience in corporate management. Mr. Wang joined China National Chemical Import & Export Corporation. Mr. Han Gensheng, aged 62, has extensive experience in corporate management.

Since October 2016, Mr. Han has been an independent non-executive director of SRE Group Limited. The Board announced that with effect from 31 December 2016, Mr. Sun Yansheng has been redesignated from an executive Director to a non-executive Director. The Board announced that with effect from 31 December 2016: Mr. Sun Yinhuan has resigned as the executive Director and chairman of the Board; and Mr. Zhang Zhichao, an executive Director, has been appointed as the chairman of the Board.

The Board announced that with effect from 31 December 2016: Mr. Sun Yansheng, a non-executive Director, has resigned as the chief executive officer of the company; and Mr. Jiang Xiuwen, an executive Director, has been appointed as the chief executive officer of the company. The Board announced that with effect from 31 December 2016: Mr. Sun Yinhuan has resigned as the chairman of the nomination committee of the Board. Mr. Ip Yuk Chi Eddie has resigned as the chairman of the remuneration committee of the Board and a member of each of the audit committee of the Board and the Nomination Committee; Mr. Zhang Zhichao, an executive Director, has been appointed as the chairman of the Nomination Committee; Mr. Jiang Xiuwen, an executive Director, has been appointed as a member of the Nomination Committee; Mr. Wang Yinping, an independent non-executive Director, has been appointed as the chairman of the Remuneration Committee; Mr. Wang Yinping, an independent non-executive Director, has been appointed as a member of each of the Audit Committee and Nomination Committee; and Mr. Han Gensheng, an independent non-executive Director, has been appointed as a member of each of the Nomination Committee, the Audit Committee and the Remuneration Committee.