On January 16, 2017, Albert Lyu was appointed by China Lending Corporation's Board of Directors to serve as the company's Chief Financial Officer. Mr. Lyu, 38 years of age, is a dedicated professional with a proven track record in complex international auditing, accounting and merger and acquisition work. Mr. Lyu served in the assurance department of a first tier international accounting firm over the past eleven years.

In addition, effective January 16, 2017, Zhang Jianfeng resigned as a director of the Company. Mr. Zhang's resignation from the Board of Directors did not result from any disagreement with the Company. Mr. Quan Zhou was appointed to fill the vacancy as a director created from Mr. Zhang's resignation as a member of the Company's Board of Directors on that same date.

Mr. Quan Zhou, age 45, is the Company's Vice President. Prior to joining the Company, Mr. Zhou was a Chairman of a large financial guarantee company, involved in investment, M&A and financial analysis.