Shuanghua Holdings Limited announced that Mr. CHEN Ke has resigned as an independent non-executive director, the chairman of the remuneration committee, a member of the audit committee and a member of the nomination committee of the company with effect from 19 July 2017 to devote more time on his other business commitments. Mr. Chen has confirmed that he has no disagreement with the board of directors of the company and there is no matter relating to his resignation that needs to be brought to the attention of The Stock Exchange of Hong Kong Limited and the shareholders of the company. The Board announced that Ms. ZHEN Fei has been appointed as the company’s executive director and vice chairperson with effect from 19 July 2017. Ms. Zheng served as the investment manager of Fu Woo International Limited from 2012 to 2013, covering commodity trading and foreign investment businesses. Since 2014, she has been the Assistant to the chairman of the Company, responsible for foreign investments, project development, corporate strategy and related matters. The Board announced that Ms. GUO Ying has been appointed as an independent non-executive director of the company with effect from 19 July 2017. Upon her appointment as an independent non-executive director of the Company, Ms. Guo has also been appointed as the chairman of the remuneration committee and member of the audit and the nomination committees on the same day. Ms. Guo was a trader of Haitong Securities Co. Limited from 2002 to 2003, a sales trader of BOC International (China) Limited from 2008 to 2013, a trader of China International Capital Corporation (H.K.) Limited from 2015 to 2016, and is the head of trading of Harmony Capital Group Limited since 2016.