The board of directors of Xinming China Holdings Limited announced that Ms. Quan Xiaolin and Mr. Zhou Yongkui tendered their resignation as executive Directors with effect from 12 June 2016 due to their other business engagements. Following the resignation of Mr. Zhou, Mr. Lo Wa Kei, Roy will be appointed as a member of the remuneration committee of the company with effect from 12 June 2016.