On 9 May 2016, Mr. Leung Po Hon tendered his resignation as independent non-executive Director, a member of Audit Committee, Remuneration Committee and Investor Relation Committee of China Investment Fund Company Limited as he had disagreement with the Board in respect of the resolution passed at the 6 May 2016 Board Meeting concerning dissolution of the Special Investigation Committee (SIC). On 17 May 2016, Mr. Wong Chung Kin, Quentin tendered his resignation as independent non-executive Director with immediate effect. In his resignation letter, Mr. Wong stated that he did not agree with the Board resolution passed at the 6 May 2016 Board Meeting concerning dissolution of the SIC. With Mr. Wong's resignation as an independent non-executive Director, he also ceased to be a member of the Nomination Committee and the chairman of the Audit Committee. Mr. Guo Miao has been appointed as an independent non-executive Director, a member of the Audit Committee and a member of the Remuneration Committee with effect from 17 May 2016. Ms. Jing Si Yuan has been appointed as an independent non-executive Director, a member of the Audit Committee and a member of the Investor Relations Committee with effect from 17 May 2016.