The board of directors of Shenzhou International Group Holdings Limited announced that Mr. Xu Changcheng has resigned as an independent non-executive director of the company, a member of the remuneration committee of the company and a member of the audit committee of the company, all with effect from 2 June 2017 due to relevant regulatory requirements of the People's Republic of China regarding party and political leaders and cadres working part-time in enterprises and his own intent.