On August 22, 2016, Dicky Cheung resigned from his position as President, CEO, CFO, Secretary and Director of Credit One Financial Inc., to pursue other opportunities. The resignation is effective on August 25, 2016. On August 25, 2016, the Board of Directors of the company appointed Liang Huang to serve as the company's President, CEO, CFO, Secretary and Director, effective August 25, 2016.

Mr. Huang will bring significant business experience and skills to the company. Since 2011 to present, Mr. Cheung has been served as Executive Director of Gain Time Management Limited.