The board of directors of Cinda International Holdings Limited announce that Mr. Zhao Hongwei has tendered his resignation as an executive Director, the chairman of the Board and the chairman of nomination committee of the Board, with effect from the conclusion of the Board meeting held on 29 November 2016, in order to pursue his personal business and development. Mr. Zhao has confirmed that he has no disagreement with the Board and that there is no other matter in relation to his resignation that needs to be brought to the attention of the shareholders of the Company and The Stock Exchange of Hong Kong Limited. Following Mr. Zhao's resignation, Mr. Gong Zhijian, an executive and Managing Director, has been appointed as the acting Chairman and the chairman of the Nomination Committee with effect from 29 November 2016. The Nomination Committee is now composed of one executive Director, namely Mr. Gong as the chairman and two independent non-executive Directors, namely Mr. Xia Zhidong and Mr. Liu Xiaofeng as members. Mr. Gong's position as the acting Chairman will remain until the appointment of the Chairman.