Maobao Announces Board Election of Chairman

1. Date of board resolution or change: 115/06/12 2. Position (Chairman or CEO): Chairman 3. Former incumbent's name: Wu Ruihua 4. Former incumbent's resume: Chairman of Maobao Corporation 5. New appointee's name: Wu Ruihua 6. New appointee's resume: Chairman of Maobao Corporation 7. Nature of change (select from 'resignation', 'dismissal', 'end of term', 'job adjustment', 'severance', 'retirement', 'deceased', or 'new appointment'): End of term 8. Reason for change: Full board re-election upon end of term 9. Effective date of new appointment: 115/06/12 10. Additional disclosures (if applicable to publicly listed companies under Article 7, Paragraph 6 of the Enforcement Rules of the Securities and Exchange Act): None Keywords: Material Information