The board of directors of China Haida Ltd. announced the following with immediate effect: Mr. Guo Yun has resigned as an Executive Director of the Company. Following his resignation, Mr. Guo has ceased as a member of the Nominating Committee. Mr. Soh Beng Keng, the Lead Independent Director of the Company, has been appointed as a member of the NC, in place of Mr. Guo. Mr. Soh remains as the Chairman of the Audit Committee and a member of the Remuneration Committee. Consequent to the above changes, the composition of the Board and the NC is as follows: Zhao Guiying - Non-Executive Chairman; Xu Youcai - Executive Director and Chief Executive Officer; Soh Beng Keng - Lead Independent Director; Wang Liangfa - Independent Director; Tang Chun Meng - Independent Director. Nominating Committee - Wang Liangfa - Chairman; Tang Chun Meng - Member; and Soh Beng Keng - Member.