Yangtze River Development Limited announced that effective January 25, 2016, Romano Tio, Daniel W. Heffernan and Zhihong Su were elected as independent directors. Mr. Tio has served as the Managing Director at RM Capital Management LLC since June 2009. Mr. Heffernan has served as the Principal of HRK Associates, specializing in credit enhanced finance since 1998.

Mr. Su has served as the managing partner of Beijing Hengjun Law Firm since December 2001, practicing in areas such as securities, litigation, general corporate and banking.