China Energy Development Holdings Limited announced that as announced by the company on 18 December 2015, Mr. Fu Wing Kwok, Ewing retired as an independent non-executive director at the conclusion of the Adjourned AGM on 26 January 2016. Simultaneously with Mr. Fu's retirement as independent non-executive Director, he also ceased to be the chairman of the audit committee, the chairman of the nomination committee and the chairman of the remuneration committee of the company at the conclusion of the Adjourned AGM on 26 January 2016. The Board announced that after conclusion of the Adjourned AGM on 26 January 2016: Mr. Cheng Chun Ying was appointed an independent non-executive Director of the company with immediate effect; and Mr. Lee Man Tai was appointed an independent non- executive director with immediate effect.

Mr. Cheng, aged 47, is an associate member of the Hong Kong Institute of Certified Public Accountants and an associate member of the Certified Practicing Accountants Australia. Simultaneously with the appointment of Mr. Cheng and Mr. Lee as independent non- executive Directors, the Board announced that after conclusion of the Adjourned AGM on 26 January 2016: Mr. Cheng was appointed a member of the audit committee and the chairman of the remuneration committee and the nomination committee of the company with immediate effect; and Mr. Lee was appointed the chairman of the audit committee, and a member of the remuneration committee and the nomination committee of the company with immediate effect.