The Board of Directors of World Precision Machinery Limited and together with its subsidiaries announced the resignation of Mr. Cheng Hong as an Independent Director (ID) of the company with effect from 29 February 2016. Following his resignation, Mr. Cheng Hong will step down as a member of the Audit Committee (AC). Consequent to the resignation of Mr. Cheng Hong, Mr. Wang Weiyao, a Non-Executive and Non-Independent Director of the company, will be appointed as a member of the AC of the company.