The board of directors of Min Xin Holdings Limited announced that Mr. WENG Ruo Tong has tendered his resignation as an executive Director with effect from 19 October 2016 due to his other work commitments in Mainland China. Mr. Weng confirmed that he has no disagreement with the Board and there is no matter relating to his resignation that will need to be brought to the attention of the shareholders of the company or The Stock Exchange of Hong Kong Limited.