The board of directors of China Dynamics (Holdings) Limited announced that Mr. Lai Kwok Wai has tendered his resignation as an executive director of the company and ceased to act as an authorized representative of the company with effect from 12 May 2016 but will remain as a consultant of the company so as to devote more time to his family and personal affairs. Mr. Lai has confirmed that he has no disagreement with the Board and there are no matters with respect to his resignation that need to be brought to the attention of the shareholders of the company. The Board also announced that Ms. Chan Hoi Ying has been appointed as an executive Director and the Authorised Representative with effect from 12 May 2016.