The board of directors of Shanghai Haohai Biological Technology Co., Ltd. announced that Mr. Ling Xihua, an executive director, the chief financial officer and a member of the remuneration committee of the company, passed away on 12 January 2016. To ensure a seamless transition, Mr. Ling's responsibilities will be temporarily taken up by Mr. Huang Ping, an executive director, the Board secretary and the joint company secretary of the company who has been working closely with Mr. Ling during his tenure on the company's business and financial management matters with effect from 12 January 2016.