The board of directors of China Renaissance Holdings Limited announced that Mr. Wang Xinwei has ceased to act as co-chief financial officer of the Group and has been re-designated as a senior consultant of the Group due to personal reasons. Mr. Wang has confirmed that he has no disagreement with the Board and there are no matters related to his re-designation which need to be brought to the attention of the shareholders of the Company or The Stock Exchange of Hong Kong Limited. Following Mr. Wang's re-designation, Mr. Cui Qiang, a co-chief financial officer of the Group, will remain as the chief financial officer of the Group, mainly responsible for the overall financial management of the Group.