The Board of Walker Group Holdings Limited announced that with effect from the conclusion of the AGM, Mr. Chen Mingzhong resigned as the non-executive Director, and Mr. Chen Jianzhong resigned as the independent non-executive Director and ceased to be the chairman of the remuneration committee of the Board. Following the resignation of Mr. Chen Jianzhong with effect from 12 August 2016, the composition of the remuneration committee of the Board has changed as follows: Ms. Zhao Hong, an independent non-executive Director, has been appointed as the chairman of the Remuneration Committee of the Board; and (ii) Mr. He Chengying, an independent non-executive Director, has been appointed as a member of Remuneration Committee.