The board of directors of China Flavors And Fragrances Company Limited announced that Mr. Qian Wu (Mr. Qian) has resigned as an executive director of the company with effect from January 5, 2018, due to his other working commitments within the group which require more of his dedication and time. Mr. Qian shall continue to be a director of some subsidiaries of the company, in particular, Dongguan Boton Flavors and Fragrances Company Limited. The board announced that Mr. Yang Ying Chun (Mr. Yang) has been appointed as an executive director and financial controller of the company with effect from January 5, 2018. Mr. Yang has joined the group since 2005 and is currently the financial controller of the group, and a director and a vice president of Shenzhen Boton Spice Company Limited. Prior to joining the group, Mr. Yang worked with different companies as finance manager and has been accumulating over 20 years of experience in finance field.