Costo Inc. announced concurrently with the closing of the stock purchase agreement, appointed Moana Ho as Chairman of Board and Hui Zhou as Director. Following these appointments, Yuhua Xu resigned as an officer and director of the Company. Mr. Xu's resignation was not the result of any disagreement with the Company on any matter relating to its operation, policies (including accounting or financial policies) or practices.

Following the closing of the agreement the Board of Directors appointed: Moana Ho as Chief Executive Officer and Hui Zhou as Chief Financial Officer. Moana Ho, age 27, has been a Director and President of the Company since January 2016. Since March 2015, Ms. Ho has been the Operations Manager at Union Glory Gold Ltd. Hui Zhou, age 35, has been a financial analyst for Union Glory Group.

Mr. Zhou's responsibilities include assessing the fair value of current and prospective mining projects, business and financial development, raising capital, investor relations and regulatory compliance.