The board of directors of Greater China Holdings Limited announced that Dr. Rui Mingjie has been appointed an independent non-executive
director of the company, with effect from 7 October 2015. Dr. Rui Mingjie has over 25 years of experience in corporate management and development research. He is currently a Professor and the head of the Department of Industrial Economics of the School of Management of Fudan University, PRC since 2003. Dr. Rui is currently an independent non-executive director of Shanghai Jin Jiang International Hotels (Group) Company Limited. Upon Dr. Rui's appointment as an independent non-executive Director, Dr. Rui will be a member of the audit committee and the remuneration committee of the company. The Board announced that Mr. Lin Ruei-min has resigned as an independent non-executive director, and a member of the audit committee and remuneration committee of the company with effect from 7 October 2015 due to his other business commitment. The Board also announced that pursuant to Rule 3.05 of the Rule Governing the Listing of Securities on the Stock Exchange, Mr. Chen Ningdi was appointed as an authorised representative of the company in place of Ms. Ma Xiaoling with effect from 7 October 2015.