Kasen International Holdings Ltd. announced that Mr. Lee Lawrence has tendered his resignation as an Executive Director and a member of the remuneration committee of the company with effect from 2 November 2015 in pursuit of his personal career development. The Board further announced that Mr. Sun Steve Xiaodi has tendered his resignation as an Independent Non-Executive Director, the Chairman of the audit committee of the company and the Chairman of the nomination committee of the company with effect from 2 November 2015 in pursuit of his personal career development. The Board announced Mr. Sun Hongyang has been appointed as an Executive Director and a member of the Remuneration Committee with effect from 2 November 2015.

Mr. Sun Hongyang joined the group since July 2015 as an assistant to the chairman of the Board. Prior to joining the group, Mr. Sun had worked in other industries for over 15 years where he gained extensive experience in finance-related area. From June 2000 till December 2003, Mr. Sun worked as the finance supervisor in Shanghai New Focus Auto Parts Co.

Ltd. From January 2004 to August 2006, he worked as a finance manager of Shanghai JFP Power Equipment Co. Ltd. and during the period from August 2006 to April 2012, Mr. Sun worked as a China finance manager of Baumann Springs (Shanghai) Co. Ltd. Prior to joining the group from May 2012 till June 2015, Mr. Sun was the China finance controller of Martin Sprocket & Gear (China) Co,.

Ltd. The Board announced Mr. Du Haibo has been appointed as an Independent Non-Executive Director, the Chairman of the Audit Committee and the Chairman of the Nomination Committee with effect from 2 November 2015. Mr. Du Haibo joined the company as the Independent Non-Executive Director with effect from 2 November 2015. From 1990 to 1999, Mr. Du served in several audit firms in the Henan Province of the People's Republic of China.

Since 1999, he has been the chairman of Henan Zhengyong CPAs Co. Ltd., Henan Zhengyong Venture Consulting Co. Ltd. and Henan Zhengyong Engineering Consulting Co.

Ltd. During the period from February 2005 to August 2013, Mr. Du acted as the independent non-executive director of New Focus Auto Tech Holdings Limited, a company listed on the Stock Exchange. From 2007 to 2013, Mr. Du also served as an independent director of Henan Mingtai Aluminum Co. Ltd. During the period from 2008 to 2014, he served as an independent director of Henan Lingrui Pharmaceutical Co.

Ltd. and as an Independent Director of SF Diamond Co. Ltd. From 2009 to 2015, Mr. Du was an independent director of Star Hi Tech Co. Ltd. As at the date of this announcement, Mr. Du is also the independent non-executive director of Xinxiang Chemical Fiber Co.

Ltd. and Sanquan Food Co. Ltd.