The board of directors of Asia Fashion Holdings Limited announced that Mr. Mak Tin Sang, the Chief Executive Officer (CEO) of the company, will be appointed Executive Chairman with effect from 27 October 2015, B. Mr. Yuan Li Min will cease to be the non-executive chairman and director of the company with effect from 27 October 2015, and Mr. Wang Huai Dong will be appointed a non-executive, non-independent director of the company with effect from 27 October 2015, and the detailed template announcements pursuant to Rule 704(7) of the Listing Manual of the SGX-ST containing the particulars of Mr. Wang Huai Dong will be released separately to the SGX-ST. As Mr. Yuan Li Min is no longer a member of the Board, his positions on the audit, nominating and remuneration committees will be filled by Mr. Wang Huai Dong.