The board of directors of BAIOO Family Interactive Limited announced that Dr. XU Gang, the current chief executive officer of the Company, has been appointed as an executive director of the Company with effect from 20 November 2015. Dr. XU, aged 43, joined the Company in March 2015 as the CEO, responsible for the overall management, corporate development and strategic planning of the Company. The Board announced that Mr. JI Yue has tendered his resignation as a non-executive director of the Company and a member of audit committee of the Board with effect from 20 November 2015 due to other business commitments.

The Board also announced that after the resignation of Mr. JI as a member of the Audit Committee, Mr. MA Xiaofeng, an independent non-executive director of the Company, has been appointed as a member of the Audit Committee with effect from 20 November 2015.