The board of directors of Wisdom Sports Group announced that Ms. Kang Xin has resigned as the chief operating officer and joint company secretary of the company with effect from November 7, 2016 due to physical considerations. Ms. Hao Bin has been appointed as the joint company secretary of the company with effect from the same day. Ms. Hao Bin joined in the Group in December 2010 and served as the head of legal department. Before this, Ms. Hao engaged in works related to securities laws in a law firm in China, and held the PRC Certificate of Professional Lawyer and the PRC Certificate of Board Secretary of Listed Companies.