The board of directors of Golden Meditech Holdings Limited announced that Mr. Yu Kwok Kuen, Harry resigned as an executive Director and Chief Operating Officer of the Company with effect from 30 June 2016 due to his decision to devote more time to his personal endeavours. The Board and Mr. Yu confirmed that there is no disagreement with each other and that there are no matters relating to Mr. Yu's resignation that need to be brought to the attention of the shareholders of the Company.