The board of directors of Enerchina Holdings Limited announced that with effect from 1 June 2016, Dr. XIANG Bing and Mr. XIN Luo Lin have respectively resigned as independent non-executive director and non-executive director of the Company for the reason of other business commitments which require more of their dedication. Following the resignation of Dr. XIANG, he has ceased to act as a member of the audit committee, remuneration committee and nomination committee of the Company. The Board also announced that with effect from 1 June 2016, Mr. CHOW Chi Wah Vincent has been appointed as an executive director of the Company. The Board further announced that with effect from 1 June 2016, Mr. MA Ka Ki has been appointed as an independent non-executive director, member of the audit committee, remuneration committee and nomination committee of the Company. Mr. CHOW, aged 46, is an executive director of the Company. Mr. CHOW was the executive director, company secretary and financial controller of Heritage International Holdings Limited, now renamed China Innovative Finance Group Limited, for the period from 13 October 2006 to 6 October 2014 and an executive director of Mascotte Holdings Limited, now renamed HengTen Networks Group Limited, for the period from 1 November 2014 to 26 October 2015. Mr. MA, aged 36, is an independent non-executive director of the Company. Mr. MA is currently a director of a private investment company, which is principally engaged in securities investment in Hong Kong and the United States. Previously, he was a director of a sizable money lender from 2013 to 2015 and supervised the whole money lending business.