The board of directors of Anxian Yuan China Holdings Limited announced that Mr. Cheng Gang will be redesignated from an Executive Director to a Non-Executive Director of the company and resigned as deputy chief executive officer of the company with effect from 1 September 2016. Mr. Cheng Gang, aged 53, was appointed as a Non-Executive Director on 3 July 2014 and was re-designated to Executive Director and appointed as Deputy Chief Executive Officer on 25 March 2015.