The board of directors of China Environmental Resources Group Limited announced that with effect from 30 September 2013 - Mr. Zhou Hongbo resigned as an executive director, chief executive officer, chairman of the Board and chairman of investment committee of the company; Mr. Leung Kwong Choi, an executive director and a member of investment committee of the company, has been designated as the chairman of the investment committee of the company; and Mr. Wong Po Keung has been appointed as an executive director of the company. Mr. Wong is currently the financial controller of the company.