China Demeter Financial Investments Limited announced that re-election of Dr. Zhang Tianmin as an independent non-executive Director was not passed at the AGM. Accordingly, Dr. Zhang has retired as an independent non-executive Director with effect from the conclusion of the AGM. Accordingly, Dr. Zhang ceased to be a member of the audit committee of the Company and the Chairman of each of the remuneration committee and the nomination committee of the Company. The Board further announced that with effect from 8 May 2019, Mr. Zhou Guangguo, an independent non-executive Director of the Company, has been appointed to be a member of the audit committee of the Company and the Chairman of each of the remuneration committee and the nomination committee of the Company in place of Dr. Zhang, who has ceased to be an independent non-executive director of the Company.