On August 5, 2016, Mr. Zhang Jianfeng was appointed to fill a vacancy as a director of China Lending Corporation created from Ms. Qi Wen resignation as the Chairwoman and director of the company on that same date. In connection with the same, Ms. Li Jingping, the company’s current President, Chief Executive Officer and Director, will assume the role of Chairwoman of the company. Ms. Qi Wen resigned from the board to pursue other business opportunities and not as a result of any dispute or disagreement with the company. Mr. Zhang Jianfeng was appointed as Managing Director of Urumqi Feng Hui Direct Lending Limited in 2014, legal representative of Feng Hui Ding Xin (Beijing) Financial Consulting Co., Limited in 2015, and General Manager of Consulting in 2016. Prior to joining Feng Hui, Mr. Zhang was the Assistant Chairman for Xinjiang Shengxiong Energy Co. Ltd. from 2010-2014. Prior to this, Mr. Zhang held management positions with Shenzhen Huaixin Corporate Investment Advisor Co. Ltd., Stone Securities, and China Everbright Bank Securities.