58.com Inc. announced changes to the composition of its board of directors. 58.com has appointed Mr. Eric Zhang as an independent director and a member of the nominating and corporate governance committee of the Board. Mr. Chi (Eric) Zhang joined Carlyle in 2006 as a managing director where he focuses on Asia buyout opportunities.

Mr. Zhang also serves as Co-Chairman of Crystal Orange Hotel Group, Vice Chairman of Plateno Group Holdings (Previously 7 Days Group Holdings Limited), and is a member on the board of directors of: SouFun Holdings Limted, China Reading Group Limited, AnNeng Logistics Group, Kaiyuan Hotel Group, and New Century Asset Management Co. Ltd. The company also announced the resignations by Messrs. Cai Wensheng, Julian Cheng and Richard Weidong Ji as directors of the company effective November 6, 2015 The Board appointed Mr. Frank Lin as a member of the audit committee to replace Mr. Richard Weidong Ji.

The Board appointed Messrs. Yang Dong and Frank Lin as members of the compensation committee to replace Messrs. Julian Cheng and Richard Weidong Ji.

Mr. Yang Dong was also elected as the chairman of the compensation committee. The Board appointed Mr. Eric Zhang as a member of the nominating and corporate governance committee to replace Mr. Richard Weidong Ji.