The board of Richly Field China Development Limited announced that on January 28, 2014 Dr. He Guang tendered his resignation as an executive Director with effect from January 28, 2014, due to more time is needed for his commitment to other business development. Accordingly, with effect from January 28, 2014, Dr. He ceased to be the chairman of the board, the chairman of the nomination committee of the company and a member of the remuneration committee of the company. Dr. He has confirmed that there is no disagreement between him and members of the board and there are no other matters relating to his resignation that need to be brought to the attention of the shareholders.

At its AGM held on December 24, 2013, resolution no. 2 (v) in respect the re-election of Mr. Wang Yuan Xun as a non-executive director was not passed. Therefore, Mr. Wang retired as a non-executive Director with effect from the conclusion of the AGM.

The Board further announced that, with effect from January 28, 2014, Mr. Ma Jun, an executive Director, has been appointed as the chairman of the Board, the chairman of the Nomination Committee and a member of the Remuneration Committee, and Ms. Hsu Wai Man, Helen, an independent non-executive Director, has been appointed as the chairman of the Remuneration Committee and the chairman of the audit committee of the company. The Board will actively seek to appoint suitable persons as independent non-executive Directors in accordance with the requirements of Listing Rules.