The board of directors of Sinoref Holdings Limited announced that with effect from November 27, 2013 Dr. Zhang Lanyin and Mr. Gao Zhilong resigned as non-executive Directors; Mr. Yang Fuqiang resigned as an independent non-executive Director and a member of the audit committee, the remuneration committee and the nomination committee of the company; and Mr. Gu Aoxing resigned as an executive Director. The board announced that with effect from November 27, 2013 Mr. Chow Chi Wa was appointed as a non-executive Director; and Mr. Wong Kwong Chi was appointed as an independent non-executive Director and a member of the Audit Committee, the Remuneration Committee and the Nomination Committee. Mr. Chow has been an executive director and the company secretary of China.com Inc. since March 2013.

Mr. Wong was an executive director of China.com Inc. from March 2010 to July 2012 and the chief executive officer of such company from March 2010 to November 2013. Mr. Ho Yuk Hay, an executive Director, has been appointed in replacement of Dr. Zhang to act as an authorized representative of the company with effect from November 27, 2013.