The board of directors of China First Capital Group Limited announced that Mr. Chen Gang, an independent non-executive Director, has resigned as an independent non-executive Director, a member of the audit committee of the company, the nomination committee of the company and the strategy committee of the company and the chairman of the remuneration committee of the company with effect from June 15, 2018, due to his intention to devote more time to his other business commitments and personal matters. The Board announced that Mr. Wang Song has been appointed as an independent non-executive Director, a member of the Audit Committee, the Nomination Committee and the Strategy Committee and the chairman of the Remuneration Committee with effect from June 15, 2018. Mr. Wang has over five years of experience in providing legal advice for corporate, commercial and investment transactions in the PRC. Mr. Wang worked at China CITIC Bank Corporation Limited between July 2010 and June 2012, after which he worked as a practising lawyer at Sichuan Mingju Law Firm since March 2013.