Min Xin Holdings Limited announced changes to the Board composition and authorised representative of the company with effect from 25 April 2016. Mr. Peng Jin Guang has been appointed as an Executive Director, the Chairman of the Board, the Chairman of the Executive Committee and Nomination Committee and an authorised representative of the Company; Mr. Weng Ruo Tong has resigned as the Chairman of the Board, the Chairman of the Executive Committee and Nomination Committee, due to his other work commitments in Mainland China. Mr. Weng has also ceased to be an authorised representative of the Company.

Mr. Weng will continue to serve as an Executive Director and a member of the Executive Committee of the Company; and Mr. Yang Fang has resigned as a Non-executive Director of the Company. Mr. Peng is currently the General Manager and Vice Chairman of Fujian Investment & Development Group Co. Ltd.