The board of directors of China Trends Holdings Limited announced that Ms. Zhong has tendered her resignation as executive director and member of executive committee of the company due to her other business commitment; Mr. Sun has tendered his resignation as non-executive Director and member of strategic committee of the company due to his other business commitment; and Mr. Kwai has tendered his resignation as independent non-executive Director and member of audit committee of the company due to his other business commitment, with effect from 8 July 2016. Ms. Zhong, Mr. Sun and Mr. Kwai have confirmed that there is no disagreement with the Board and that there is no matter in relation to their resignation that is needed to be brought to the attention of the shareholders of the company. Following Mr. Sun's resignation as member of strategic committee of the company, there are currently no Directors in the strategic committee. As such, the board announced that the strategic committee has been abolished with effect from 8 July 2016.