The board of directors of China Investment Fund Company Limited announced that each of Mr. Shi Minqiang and Mr.Yao Zhixiang has been appointed as a non-executive Director with effect from 12 October 2015, and each of Ms. Li Jiangtao and Mr. Zhang Qi has been appointed as an independent non-executive Director also with effect from 12 October 2015. Mr. Shi Minqiang, aged 45, has since January 1994 been a director and vice-president of Fuzhou Chang Xin Electric Tools Co. Ltd. Mr. Shi did not hold directorship in any listed companies in Hong Kong or elsewhere during the last three years.

Mr. Shi does not have any interest in the shares of the company within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571, Laws of Hong Kong). Mr. Shi does not have any relationship with any directors, senior management, substantial or controlling shareholders of the company. Mr. Shi has entered into a letter of appointment with the Company on 12 October 2015 for an initial term of three years commencing from 12 October 2015.

He is subject to retirement by rotation and re- election in accordance with the articles of association of the company. Mr. Yao Zhixiang, aged 52, is the legal representative of Guangzhou Qingjie Logistics Company Limited. Mr. Yao is a brother of Mr. Yao Yuan, another non-executive Director.

Mr. Yao did not hold directorship in any listed companies in Hong Kong or elsewhere during the last three years. Mr. Yao does not have any interest in the shares of the company within the meaning of Part XV of the SFO. Ms. Li Jiangtao, aged 31, is an associate of the Society of Actuaries, United States.

Ms. Li did not hold directorship in any listed companies in Hong Kong or elsewhere during the last three years. Ms. Li has entered into a letter of appointment with the company on 12 October 2015 for an initial term of three years commencing from 12 October 2015. She is subject to retirement by rotation and re-election in accordance with the articles of association of the company.

Mr.ZhangQi, aged, 40, is a member of the Chinese Institute of Certified Public Accountants and a partner of CHW CPA Limited Liability Partnership Shenzhen Branch. Mr. Zhang has experience in auditing private companies and companies listed on the mainland and overseas stock exchanges.