Jiangnan Group Limited (Company) announced that Mr. Wu Changshun (Mr. Wu) has tendered his resignation as an independent non-executive Director and the chairman of each of the nomination committee (Nomination Committee) and the remuneration committee (Remuneration Committee) and a member of the audit committee of the Board, with effect from 10 December 2014 due to other personal commitment. The Board announced that Mr. He Zhisong, an independent non-executive Director, has been appointed as the chairman of each of the Nomination Committee and the Remuneration Committee with effect from 10 December 2014 in replacement of Mr. Wu.