The board of directors of China Hanking Holdings Limited announced that, with effect from April 1, 2015, due to re-division of role and function of the company, Mr. Zheng Xuezhi, an executive Director and current chief financial officer of the company has been promoted as vice president of the company, and remains as Executive Director and Mr. Zheng would no longer act as the CFO; and Mr. Liao Pin Tsung has been appointed as the CFO. Mr. Zheng is an Executive Director and has been promoted as vice president of the company. He also served as CFO and was responsible for financial management of the Group.

Mr. Zheng is also a director of Liaoning Hanking Investment Co. Ltd., Shenyang Toyo Steel Utility Co. Ltd., and Fushun Hanking Aoniu Mining Limited.

He joined the Group in 2008. As vice president of the company, Mr. Zheng would be responsible for assisting the president of the company to manage the day-to-day business of the company. Mr. Liao has been appointed as the CFO with effect from April 1, 2015 in place of Mr. Zheng, and would be responsible for financial management of the Group.

Mr. Liao has many years of experience in banking and brokerage companies in the PRC, Hong Kong and Taiwan.