The board of directors of Best Food Holding Company Limited announced that with effect from March 3, 2017, Mr. Jing Shen has been appointed as the chief financial officer of the company and Mr. Xian Shunxiang has been appointed as the chief operating officer of the company. Mr. JING Shen, aged 37, joined the Company in November 2016. From April 2014 to October 2016, Mr. Jing held the position of chief executive officer at Beijing Niologie Commercial and Trading Co.

Ltd. Mr. XIAN Shunxiang, aged 51, is the vice president of Cosmo Lady (China) Holdings Company Limited and responsible for their retail operations. From May 2008 to October 2011, Mr. Xian held the position of chief operating officer at Real Kung Fu Catering Management Co. Ltd.