The board of directors of China Trends Holdings Limited announced that Mr. Wong Chung Kin, Quentin has been appointed as independent non-executive Director and chairman of remuneration committee and audit committee and member of nomination committee of the company with effect from 4 November 2016. Mr. Wong is an independent non-executive director of China Investment Fund Co Ltd. between 1 December 2011 and 17 May 2016 and an independent non-executive director of Value Convergence Holdings Limited since 5 March 2012, respectively. The board announced that Mr. Zhang Zhan Liang has tendered his resignation as independent non-executive Director, chairman of remuneration committee and audit committee and member of nomination committee of the company due to his other business commitment, with effect from 4 November 2016. The board further announced that Mr. Fok Chi Wing has resigned as the Company Secretary and Authorised Representative of the company with effect from 4 November 2016. The board announced that Mr. Li Wancheng has been appointed as the Company Secretary and Authorised Representative of the company with effect from 4 November 2016. Mr. Li, aged 48, joined the company in October 2016 as the legal director of the company. Mr. Li is a member of each of The Hong Kong Institute of Chartered Secretaries and The Institute of Chartered Secretaries and Administrators, U.K., qualified Legal Professional and qualified Patent Professional of People's Republic of China, meets the requirements under the GEM Listing Rules. Mr. Li joined Giesecke & Devrient (China) Information Technology Co. Ltd. (the G&D) in July 2002. During the year between December 2015 and September 2016, Mr. Li held the position of Paralegal and Administrator of Technicolor Asia Limited, responsible for the legal and company secretary relating work.