The board of directors of National Agricultural Holdings Limited hereby announced that with effect from 18 December 2015, the office of Mr. Zhang Yuliang as an executive
Director was removed as the board of directors considered that Mr. Zhang has failed to perform his duties as an executive Director of the company. The company has not been able to get in contact with Mr. Zhang Yuliang, an executive Director of the company for a consecutive period of more than 14 days since 3 December 2015. During the said period, the Company has tried to reach out to Mr. Zhang either by phone and email. Despite the Company's repeated attempts, Mr. Zhang has failed to respond to the company.