The board of directors of China Investment and Finance Group Limited announced that Mr. Tsang Hin Man Terence has resigned as an independent non-executive Director and ceased to be a member of each of the audit committee and the nomination committee of the board with effect from 30 June 2016, due to his other personal reasons, which include devoting more time on his other business commitments. Mr. Tsang has confirmed that he has no disagreement with the Board of the company and there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the company. The Board also announced that Mr. Luk Simon has been appointed as a member of the Nomination Committee with effect from 30 June 2016.