The Board of Dan Form Holdings Company Limited announced that with effect from December 22, 2016, Mr. Dai Xiaoming resigned as executive director, chairman and chief executive of Dan Form; Mr. Kenneth Hiu King Kon resigned as non-executive director of Dan Form; Mr. Jesse Nai Chau Leung, Dr. Xiang Bing and Mr. Edward Shen resigned as independent non-executive directors of Dan Form; and Mr. Lee Seng Hui and Mr. Patrick Lee Seng Wei have been appointed as the chairman and the chief executive of Dan Form respectively. With effect from December 22, 2016, there will be changes in audit committee as follows: Mr. Jesse Nai Chau Leung has relinquished his position as chairman and Dr. Xiang Bing and Mr. Edward Shen have relinquished their positions as members of the audit committee of Dan Form. Remuneration Committee: Mr. Edward Shen has relinquished his position as chairman and Mr. Jesse Nai Chau Leung and Dr. Xiang Bing have relinquished their positions as members of the remuneration committee of Dan Form.

Nomination Committee: Mr. Dai Xiaoming has relinquished his position as chairman and Mr. Jesse Nai Chau Leung and Mr. Edward Shen have relinquished their positions as members of the nomination committee of Dan Form.