Yuanda China Holdings Limited announced Mr. Woo Kar Tung, Raymond ("Mr. Woo") retired as an independent non-executive Director with effect from the conclusion of the AGM. Following the retirement of Mr. Woo, he also ceased to be the chairman of the remuneration committee and audit committee of the Company with effect from the conclusion of the AGM. In light of the retirement of Mr. Woo, Ms. Yang Qianwen, an independent non-executive Director, has been appointed as the chairman of the remuneration committee and audit committee of the Company with effect from the conclusion of the AGM.