The board of directors of China Finance Investment Holdings Limited announced that Mr. Lin Yuhao (Mr Lin) has been appointed as executive director and chairman of the company with effect from 13 May 2016. Mr. Lin has entered into service agreements with the company. His appointment has no fixed term and is subject to retirement and re- election at the annual general meeting of the company. Mr. Lin is entitled to a remuneration of HKD 150,000 per month as executive director and chairman of the company, which has been reviewed by the remuneration committee of the Company and determined by the Board with reference to his duties and responsibilities with the Company, the performance of the Company and the prevailing market situation. Mr. Lin has no relationship with any directors, senior management or substantial or controlling shareholder of the Company. The Board also announced that Mr. Lin Yuhao has been appointed as the chairman of the Nomination Committee; Ms. Diao Hong has been appointed as the chairman of the Remuneration Committee; and Ms. Tang Shui Man was re-designated as a member of Nomination Committee and a member of the Remuneration Committee, with effect from 13 May 2016.