The board of directors of China Flavors and Fragrances Company Limited announced that Mr. Wang Ming You, an executive director of the company, has been re-designated as a non-executive director of the company with effect from July 16, 2012. Mr. Wang is the brother of Mr. Wong Ming Bun and Mr. Wang Ming Fan, who are directors of the company and shareholders of Creative China Limited. There is no service agreement between the company and Mr. Wang. Mr. Wang is not appointed for a specific term and is subject to retirement by rotation and re-election at the annual general meeting of the company in accordance with the Articles of Association of the company. His director's fee is to be determined by the board with reference to his duties and responsibilities with the company and the prevailing market condition.