The Board of Sino Golf Holdings Ltd. announced that as a result of the subscriber becoming a controlling shareholder of the company, with effect from the subscription completion, Mr. Zhang Yi resigned as an executive Director; and Mr. Wong Hin Shek was re-designated as a non-executive Director and ceased to be the chairman of the Board. Mr. Wong will enter into a new appointment letter with the company in relation to his re-designation as a non-executive Director. The Board also announced that with effect from the subscription completion, Mr. Huang Youlong has been appointed as the chairman of the Board and an executive Director, and Mr. Liu Tianmin and Mr. Tung Sung-Yuan have been appointed as non-executive Directors. The Board announces that Mr. Wong has resigned as a member and the chairman of the nomination committee of the company, with effect from November 07, 2016 upon the Subscription Completion. Mr. Huang has been appointed as a member and the chairman of the Nomination Committee, with effect from November 07, 2016 upon the subscription completion.