Fabchem China Limited Announces the Cessation of Jiang Rongguang as Independent Director, Member of the Audit, Nominating and Remuneration Committees

Fabchem China Limited announced the cessation of Jiang Rongguang as Independent Director, member of the Audit, Nominating and Remuneration Committees. Other DirectorShips Past: Chief Technical Specialist in initiation systems of the Commercial Explosives Technology of Nanjing University Of Science and Technology. Other DirectorShips Present: Member of the Editorial Board of the Commercial Explosives magazine.

Reason For Cessation: Pursuant to the terms and conditions of the sale and purchase agreement in connection with the Proposed Acquisition.