The board of directors of Cosmos Machinery Enterprises Limited announced that Mr. Ho Kwong Sang has resigned as the Chief Financial Officer of the Group with effect from 12 April 2016 and has tendered his resignation as the Joint Company Secretary of the company with effect from 1 May 2016. Mr. Ho will continue to serve the Group as the Consultant to the Board with effect from 12 April 2016. Mr. Ho has confirmed that he has no disagreement with the Board and there are no matters that need to be brought to the attention of the shareholders of the Company and/or The Stock Exchange of Hong Kong Limited in relation to his resignation as the Chief Financial Officer of the Group and the Joint Company Secretary of the company.

The Board announced that Mr. Yeung Yuk Lun has been appointed as the Chief Financial Officer of the Group with effect from 12 April 2016 and as the Joint Company Secretary of the company with effect from 1 May 2016.