Greater China Financial Holdings Limited announced that Mr. Jin Bingrong, an independent non-executive director, shall retire by rotation at the forthcoming annual general meeting of the company in accordance with the bye-laws of the company. Mr. Jin has decided not to stand for re-election due to his other business commitments and accordingly he will cease to be the INED, a member of the audit committee and the chairman of the remuneration committee of the company with effect from the conclusion of the AGM which is scheduled to be held on April 28, 2017. The board further announced that, in light of the anticipated retirement of Mr. Jin, the board shall appoint Dr. Lyu Ziang, an INED, as the chairman of the RC; and Mr. Zhang Peidong, an executive director, as a member of the RC with effect from the conclusion of the AGM.