Alibaba Pictures Group Limited announced that Mr. Shao Xiaofeng has resigned as chairman of the Board, has been re-designated from executive Director to non-executive Director and has ceased to be chairman of the Executive Committee. He has also resigned as chairman of the Nomination Committee and member of the Remuneration Committee; and Mr. Yu Yongfu has been appointed as chairman of the Board and has been re-designated from non-executive Director to executive Director. He has also been appointed as chairman of each of the Executive Committee and the Nomination Committee, and member of the Remuneration Committee. The Board announced that with effect from November 21, 2016.