The board of directors of Wisdom Holdings Group announced that Mr. Hu Xing has been appointed as an executive director of the company with effect from 14 May 2015. Mr. Hu Xing has been the investment director of Edmund Rothschild Assets Management Company since May 2013. Before that, Mr. Hu Xing served as the vice director of the international investment department of Manulife Teda Fund Management Co.

Ltd. from March 2008 to May 2013. The Board also announced the appointment of Mr. Hu Jianguo as an independent non-executive director of the company with effect from 14 May 2015. Mr. Hu Jianguo has held many positions in sports committees and international sports organizations since 2007, and successively served as secretary-general of International Dragon and Lion Dance Federation, deputy president of Asia Dragon and Lion Dance Federation, secretary of International Dragon Boat Federation, and secretary-general and president of Asia Dragon Boat Federation.

He was the director of Social Sports Direction Centre of General Administration of Sport of China from March 2007 to January 2013, director and secretary of the Party Committee of Hockey, Softball and Baseball Management Centre of General Administration of Sport from October 2005 to February 2007, deputy director, director and secretary of the Party Committee of Small Ball Management Centre of General Administration of Sport from December 1997 to September 2005.