Chaoyue Group Limited announced that Mr. SHAO Ping (Mr. Shao) has been appointed as an independent non-executive director of the company and as a member of each of the audit committee, the remuneration committee and the nomination committee of the company with effect from 21 October 2016. Mr. Shao, has many years' experience in banking operation and management at a senior level. He has extensive theoretical knowledge and practical experience in investment and financing, corporate management, finance and other areas. From November 2012 to October 2016, Mr. Shao has been a director and president of Ping An Bank Company Limited.