The board of directors of Wisdom Sports Group announced that Ms. Hao Bin has been appointed as an executive director of the Company with effect from 1 June 2017. Ms. Hao Bin, aged 35, joined in the Group in December 2010 and served as the deputy general manager of the Company. Ms. Hao Bin was also appointed as Joint Company Secretary on 7 November 2016. Before this, Ms. Hao Bin 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. The board also announced that: Dr. Shen Wei has retired as an executive director of the Company with effect from 1 June 2017. Dr. Shen Wei had been an executive director of the Company since 16 May 2014. After having served on the Board throughout this period, Dr. Shen Wei had decided to retire due to the rotation requirements in accordance with the articles of association of the Company and did not offer himself for re-election as a director of the Company at the annual general meeting of the Company held on 1 June 2017. After the retirement of Dr. Shen Wei, he would cease to be the authorized representative of the Company under Rule 3.05 of the Listing Rules. Dr. Shen Wei will remain as the senior vice president of the Company; Mr. Jin Haitao has retired as a non-executive director of the Company with effect from 1 June 2017. Mr. Jin Haitao had been a non-executive director of the Company since 14 June 2013. After having served on the Board throughout this period, Mr. Jin Haitao had decided to retire in order to devote more time to his other business commitments and did not offer himself for re-election as a director of the Company at the annual general meeting of the Company held on 1 June 2017; and Mr. Xu Jiongwei has retired as a non-executive director of the Company with effect from 1 June 2017. Mr. Xu Jiongwei had been a non-executive director of the Company since 14 June 2013. After having served on the Board throughout this period, Mr. Xu Jiongwei had decided to retire in order to devote more time to his other business commitments and did not offer himself for re-election as a director of the Company at the annual general meeting of the Company held on 1 June 2017. After the retirement of Mr. Xu Jiongwei, he would cease to be a member of the Audit Committee. The board also announced that: the authorized representative of the Company under Rule 3.05 of the Listing Rules has been changed from Dr. Shen Wei and Ms. Kam Mei Ha Wendy, the Joint Company Secretary of the Company to Ms. Hao Bin and Ms. Kam Mei Ha Wendy with effect from 1 June 2017; and the composition of the Audit Committee has been changed from Mr. Wei Kevin Cheng (Chairman of the Committee), Mr. Jin Guoqiang and Mr. Xu Jiongwei to Mr. Wei Kevin Cheng (Chairman of the Committee), Mr. Jin Guoqiang and Mr. Ip Kwok On Sammy with effect from 1 June 2017.