The board of directors of Kith Holdings Limited announced that Mr. Lee Kwong Yiu, Mr. Wang Jinlin, Mr. Liang Zhong and Mr. Zhang Jianxing have been appointed as the independent non-executive Directors with effect from 24 March 2015. With effect from 24 March 2015, following the change of Directors as mentioned above: the audit committee of the Company comprises Mr. Ho Chun Chung Patrick, Mr. Lee and Mr. Wang. Mr. Ho acts as the chairman of the Audit Committee; the remuneration committee of the company comprises Mr. Lee, Mr. Zhang Xiaofeng & Mr. Ho.

Mr. Lee acts as the chairman of the Remuneration Committee; and the nomination committee of the company comprises Mr. Lee, Mr. Zhang Xiaofeng & Mr. Ho. Mr. Lee acts as the chairman of the Nomination Committee.