The board of directors of China Sandi Holdings Limited and its subsidiaries announced that with effect from 15 September 2016 Mr. Yan Pingfeng has been appointed as an executive director of the company, Dr. Wong Yun Kuen has been re-designated from independent non-executive director to non-executive director of the company. Following his re-designation, Dr. Wong will ceased to be the chairman of the nomination committee and a member of the remuneration committee and audit committee of the company; and following the re-designation of Dr. Wong, Mr. Zheng Yurui, an independent non- executive director, has been appointed as the chairman of nomination committee and a member of the remuneration committee and audit committee. Mr. Yan has more than 12 years of experience in accounting, financing, operational and risk management in property development industries. Mr. Yan held various managerial positions in companies specialised in property development industries prior to the joining of the Group. Mr. Yan is currently the general manager of the Fujian Sinco Industrial Co. Ltd., an indirect wholly owned subsidiary of the company. Mr. Yan will be responsible for the overall operation for the various subsidiaries of the Group in the PRC.