Good Resources Holdings Limited announced that Mr. Zhang Ning has been appointed as an independent non-executive director of the Company with effect from 14 July 2016. Upon his appointment as an independent non-executive director of the company, Mr. Zhang will also be appointed as the chairman of the remuneration committee and a member of nomination committee of the company on the same day. Mr. Zhang, aged 58, has been the chairman of the board of directors of Beijing Concham Global Finance Leasing Co. Ltd. since January 2014. The Board further announced the re-designation of Mr. Lo Wan Sing Vincent, a non-executive Director of the company, from chairman of the remuneration committee to a member of the remuneration committee effective on 14 July 2016. Following the appointment of Mr. Zhang as an independent non-executive Director, the chairman of the Remuneration Committee and a member of the Nomination Committee, the company fully complies with the requirements under Rules 3.10 and 3.25 of the Listing Rules.