At the EGM of Xinhua Winshare Publishing and Media Co., Ltd., Mr. Fang Bingxi was elected as an independent non-executive Director of the Board of the fourth session with a term from immediately after the conclusion of the EGM and ending at the expiry of the fourth session of the Board. Mr. Han Liyan will officially resign as independent non-executive Director of the Company. Mr. Han Liyan has confirmed that, as at the date of this announcement, he does not have any disagreement with the Board and that there are no other matters relating to his resignation which need to be brought to the attention of the shareholders of the company. Fang Bingxi will be the member of Strategy and Investment Planning Committee and Audit Committee.