Beautiful China Holdings Company Limited announced that with effect from 22 August 2018, Mr. Lum Pak Sum has resigned as an independent non-executive Director, chairman of the nomination committee of the company, and a member of each of the audit committee of the company and the remuneration committee of the company, in order to devote more time to his other personal commitments. Mr. Lum has confirmed that he has no disagreement with the Board and that he was not aware of other matters that need to be brought to the attention of the shareholders of the company and The Stock Exchange of Hong Kong Limited in connection with his decision to resign. The board also announced that the appointment of Mr. Xie Jun as an independent non-executive Director, a member of each of the Audit Committee and the Remuneration Committee, and chairman of the Nomination Committee with effect from 22 August 2018. Mr. Xie, has been the founder, chairman of the board of directors and general manager of Qingdao Xinhe Textile Company Limited since April 1994.