Xinhua Winshare Publishing and Media Co., Ltd. announced that following board changes: Change of Members of the Board: At the EGM, the above ordinary resolutions numbered 1 and 2 were duly passed. Accordingly, Mr. Zhou Qing was formally elected by the Shareholders as an executive Director of the Company, and Ms. Tan Ao was formally elected by the Shareholders as a non-executive Director of the Company. The terms of office of Mr. Zhou and Ms. Tan shall commence immediately after the conclusion of the EGM until the expiry of the term of the fifth session of the Board of the Company.

Mr. Zhou will not receive directors' remuneration for his role as executive Director and Ms. Tan will not receive directors' remuneration for her role as non-executive Director. Unless otherwise stipulated by the relevant PRC laws and regulations, Mr. Zhou and Ms. Tan are entitled to be reimbursed for the expenses (such as travelling, accommodation and communication expenses) incurred in connection with the performance of their duties, and they are also entitled to receive corresponding allowances for each attendance of the Company's meetings. As set out in the Announcement, (i) the resignation of Mr. Luo Yong as an executive Director and the Chairman of the Company; and (ii) the resignation of Mr. Zhang Peng as a non-executive Director of the Company took effect from the passing of the above ordinary resolutions numbered 1 and 2. Mr. Luo Yong and Mr. Zhang Peng have confirmed that, as of the date of this announcement, they have no disagreement with the Board and the management of the Company, and there are no other matters that need to be brought to the attention of the Shareholders and the Stock Exchange in relation to their resignations.

Change of Members of the Supervisory Committee: At the EGM, the above ordinary resolution numbered 3 was duly passed. Mr. Qiu Ming was duly elected by the Shareholders as a Supervisor representing Shareholders of the Company, for a term commencing immediately after the conclusion of the EGM until the expiry of the term of the fifth session of the Board of the Company. Mr. Qiu will not receive supervisor's remuneration for his role as Supervisor representing Shareholders.

Unless otherwise provided by relevant PRC laws and regulations, Mr. Qiu is entitled to reimbursement for expenses incurred by him in carrying out his duties, such as transportation, accommodation and communication, and he is also entitled to receive corresponding allowances for each attendance of the Company 's meetings. APPOINTMENT OF CHAIRMAN: Following the conclusion of the EGM, the fifth session of the Board resolved to appoint Mr. Zhou as the Chairman of the fifth session of the Board of the Company with effect from the date on which the resolution is approved by the Board. Pursuant to article 5 of the Articles of Association, the Chairman of the Company is the legal representative of the Company.

Accordingly, Mr. Zhou will concurrently serve as the legal representative of the Company. APPOINTMENT OF CHAIRMAN OF THE SUPERVISORY COMMITTEE: Following the conclusion of the EGM, the fifth session of the Supervisory Committee resolved to appoint Mr. Qiu as the chairman of the fifth session of the Supervisory Committee of the Company with effect from the date on which the resolutions is approved by the Supervisory Committee. CHANGE OF MEMBERS OF BOARD COMMITTEES: Strategy and Investment Planning Committee: Mr. Zhou Qing Chairman, Mr. Li Qiang Member, Mr. Dai Weidong Member; Nomination Committee: Mr. Fang Bingxi Chairman, Ms. Tan Ao Member, Mr. Li Xu Member; Remuneration and Review Committee: Mr. Li Xu Member Chairman, Mr. Liu Longzhang Member, Mr. Lau Tsz Bun Member; Audit Committee: Mr. Lau Tsz Bun Chairman, Mr. Fang Bingxi Member, Mr. Ke Jiming Member.