The board of directors of Glory Flame Holdings Limited announced that Mr. Law Yiu Sing has resigned as an independent non-executive Director, the chairman of the audit committee and a member of the remuneration committee of the company with effect from 22 January 2016 due to the need to devote more time for his other business commitments. Mr. Law has confirmed that he has no disagreement with the Board and there is no matter relating 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. The Board is also announced that Ms. Che Xiaoyan has been appointed as an executive Director and the vice chairman of the Board with effect from 22 January 2016.

She is also the founder of Shenzhen Changyi Energy Saving Technology Company Limited. The Board announced that Mr. Chong Yu Keung has been appointed as an executive Director with effect from 1 February 2016. Mr. Chong held Responsible Officer licences from the Hong Kong Securities and Futures Commission to carry on type 1, 2, 4 and 5 regulated activities under the SFO.