Yunfeng Financial Group Limited announced that Mr. Xiao Feng has been appointed as independent non-executive director of the Company with effect from 28 March 2019. Mr. Xiao has more than 27 years of experiences in finance, asset management and securities management and is currently the Vice Chairman and Executive Director of China Wanxiang Holding Co. Ltd. The company also announced that, with effect from 28 March 2019, Mr. Lin Lijun resigned as independent non-executive director due to other business engagement. The company also announced that, Mr. Xiao has been appointed as members of the Audit Committee and the Remuneration Committee of the Company. Mr. Qi Daqing has been appointed as chairman of the Remuneration Committee of the Company and Mr. Lin has ceased to act as the chairman of the Remuneration Committee of the Company and members of the Audit Committee and the Nomination Committee of the Company.