The board of directors of Innovative Pharmaceutical Biotech Limited announced the appointment of Ms. Huang He (Ms. Huang) as an executive director of the company with effect from January 10, 2017. Ms. Huang, aged 35, has over 10 years of experience in corporate and investment management as well as mergers and acquisitions in the Peoples Republic of China (the PRC). From October 13, 2016 to December 20, 2016, Ms. Huang was the executive director of Kong Shum Union Property Management (Holding) Limited. Ms. Huang is currently the legal representative and chairman of several companies that were incorporated in the PRC.