Xingfa Aluminium Holdings Limited announced that effective from 16 April 2018: Mr. Luo Su has resigned as an executive Director; Honorary Chairman; chairman of the Nomination Committee and a member of the Remuneration Committee; Mr. Luo Riming has resigned as an executive Director and the Chief Executive Officer; Mr. Luo Jianfeng has been appointed as an executive Director; Mr. Zuo Manlun has been appointed as a non-executive Director and a member of the Nomination Committee; Mr. Liu Libin has been appointed as chairman of the Nomination Committee; and Mr. Liao Yuqing has been appointed as the Chief Executive Officer and a member of the Remuneration Committee. Mr. Luo is an executive director of China Lesso. Mr. Luo has 25 years of experience in accounting and finance.

He worked in (i) Shunde City Accounting Firm from July 1993 to March 1996; (ii) Guangdong Dezheng Accounting Firm with Limited Liability from April 1996 to December 2001; (iii) Guangdong Gongcheng Accounting Firm from January 2002 to December 2007; and (iv) Foshan City Zhongzhengcheng Accounting Firm Co., Limited from January 2008 to April 2016. Mr. Zuo has approximately 18 years of experience in the industry of manufacturing and sale of building materials and interior decoration products. Mr. Zuo has extensive business management experience.

He is the chief executive officer of China Lesso and was appointed as an executive director of China Lesso in February 2010. He is also a director/general manager/supervisor of various companies in China Lesso Group. Mr. Zuo's expertise was recognised by several awards including "Outstanding Worker of the Plastic Industry in the PRC" accredited by China Plastics Processing Industry Association in 2009.

The Board announced that in view of the resignation of Mr. Luo Su and Mr. Luo Riming as executive Directors and the appointment of Mr. Luo as an executive Director and Mr. Zuo as a non-executive Director, with effect from 16 April 2018: the Remuneration Committee is reconstituted to comprise Mr. Ho Kwan Yiu as chairman and Mr. Liu Libin, Mr. Liao Yuqing, Mr. Lam Ying Hung, Andy and Mr. Chen Mo as members; the Nomination Committee is reconstituted to comprise Mr. Liu Libin as chairman and Mr. Ho Kwan Yiu, Mr. Lam Ying Hung, Andy, Mr. Chen Mo and Mr. Zuo Manlun as members; and the composition of audit committee of the board remains unchanged to comprise Mr. Lam Ying Hung, Andy as chairman and Mr. Lu Chaoying, Mr. Ho Kwan Yiu and Mr. Chen Mo as members.