The board of directors of China Hanking Holdings Limited announced that, with effect from 18 March 2016, Ms. Yang Min (Ms. Yang), currently an executive Director, chairlady of the Board and chairlady of the nomination committee of the company, has resigned as the executive Director, chairlady of the Board and chairlady of the Nomination Committee in order to pursue other personal commitments; Mr. Liao Pin-tsung (Mr. Liao), currently an executive Director and chief financial officer of the company, has resigned as the executive Director and the CFO in order to pursue other personal commitments; and Mr. Jiang Zhouhua (Mr. Jiang), currently an independent non-executive Director and members of the Nomination Committee and the Remuneration Committee, has resigned as independent non-executive Director and members of the Nomination Committee and the Remuneration Committee due to his personal commitments on other business. The Board announced that, with effect from 18 March 2016, due to re-division of role and function of the company. Mr. Yang Jiye (Mr. Yang), currently a non-executive Director, vice chairman of the Board, members of the remuneration committee of the company, the audit committee of the company and the health, safety, environmental protection and community committee of the company, has been re-designated as executive Director, has been appointed as chairman of the Board and chairman of the Nomination Committee and has resigned as members of the Remuneration Committee and the Audit Committee, but remain would as member of the HSEC Committee.

Mr. Zheng Xuezhi (Mr. Zheng), a former non-executive Director and former CFO, has been appointed as executive Director and the CFO; Mr. Kenneth Jue Lee (Mr. Lee), currently a non-executive Director, has been appointed as members of the Remuneration Committee and the Audit Committee and would remain as a non- executive Director; and Mr. Wang Anjian (Mr. Wang), currently an independent non-executive Director and members of the Audit Committee and the HSEC Committee, has been appointed as member of the Nomination Committee and would remain as an independent non-executive Director and member of the Audit Committee and the HSEC Committee.