The board of directors of China Foods Limited announced hat Mr. Jiang Guojin has tendered his resignation as an executive director, the managing director, and an authorized representative of the company, due to his work re-designation within COFCO Group with effect from December 29, 2017. Following his resignation, Mr. Jiang ceased to be the chairman of the executive committee of the board; and Mr. Zhou Chenguang has tendered his resignation as an executive director and the chief financial officer of the company due to his work re-designation within COFCO Group with effect from December 29, 2017. Following his resignation, Mr. Zhou ceased to be a member of Executive Committee of the board.

The board announced that Ms. Luan Xiuju, an executive director of the company, has been re-designation as the managing director and the Authorised Representative of the company, and the chairman of the Executive Committee of the Board all with effect from December 29, 2017. The board announced that Mr. Shen Peng has been appointed as an executive director of the company and a member of the Executive Committee of the board all with effect from December 29, 2017. Ms. Luan, 52, was appointed as an executive director of the company in January 2017.

Ms. Luan is currently a director and the chief executive officer of COFCO Coca-Cola Beverages Limited and a director of certain subsidiaries of the company. Mr. Shen, 45, is currently the finance general manager of CBL.