The board of directors of China Ocean Shipbuilding Industry Group Limited announced that with effect from 23 June 2015, Mr. Chau On Ta Yuen, the Chairman and an executive Director of the company, has ceased to be the chairman of the group and has been re-designated as a non-executive Director and appointed as the honorary Chairman. Mr. Chau, aged 67, was appointed as a Director in September 2007 and is the Chairman. He is
currently an independent non-executive director of Good Fellow Resources Limited, Come Sure Group (Holdings) Limited, Leyou Technologies
Holdings Limited and Redco Properties Group Limited. The Board announced that Mr. Li Ming, the deputy Chairman, executive Director and chief executive officer of the group, has been appointed as the Chairman with effect from 23 June 2015. Mr. Li held senior positions in a number of well-known companies in the People's Republic of China and had extensive experience in management and business planning. During the period from 23 May 2012 to 18 October 2013, he was appointed as an executive director of Shenzhen Microgate Technology Co. Ltd.