The board of directors of China Ocean Fishing Holdings Limited announced that, with effect from 16 May 2017 Mr. Fan Guocheng has been appointed as an executive Director, Mr. Pang Piu Hung, Paton has been appointed as an independent non-executive Director and chairman of each of the audit committee of the Board and remuneration committee of the Board. Mr. Fan has accumulated nearly 30 years of extensive experience in financial management and has held various positions relating to financial management, accounting and financial accounting in many different industries in Shenzhen. He is currently the chief financial officer in Shenzhen of Noble Century Investment Holdings Ltd. Mr. Pang has over 25 years of experience in the finance and accounting fields and has been a fellow member of the Hong Kong Institute of Certified Public Accountants, the Taxation Institute of Hong Kong and Association of International Accountants.

The Board announce that Dr. Chu Ping Hang has resigned as an executive Director and Mr. Chui Man Lung, Everett has resigned as an independent non-executive Director and chairman of each of the Audit Committee, the Remuneration Committee and the nomination committee of the Board in order to devote more time on other business. The board also announced that, with effect from 16 May 2017, Mr. Gan Weiming has resigned as the chief executive officer of the company but remains as an executive Director and Mr. Liu Rongsheng has been appointed as the Chief Executive Officer. Mr. Liu has over 25 years of experience in import and export trading, logistics, corporate strategic management, project management and finance business.

He is an executive director and chief executive officer of Royal Century Resources Holdings Limited. The board also announced that, with effect from 16 May 2017, Dr. Chu Ping Hang has resigned as the compliance officer of the company an authorised representative pursuant to Rule 5.24 of the GEM Listing Rules and an authorised representative for the service of process and notices under the Companies Ordinance and Mr. Chen Liang has been appointed as the Compliance Officer, LR Authorised Representative and CO Authorised Representative. The board further announced that Mr. Lam Chi Ming, Francis will be appointed as Company Secretary of the company with effect from 16 May 2017.

Mr. Lam was the company secretary of China Aluminum Cans Holding Limited from June 2013 to July 2016. Mr. Fung Nam Shan has resigned as the Company Secretary, the LR Authorised Representative and the CO Authorised Representative due to other business engagement. The board further announced that, with effect from 16 May 2017, Mr. Lam Chi Ming, Francis has been appointed as a LR Authorised Representative and CO Authorised Representative, following which the LR Authorised Representatives and CO Authorised Representatives of the company are Mr. Lam Chi Ming, Francis and Mr. Chen Liang, an executive Director.