China Fashion Holdings Ltd. announced that Mr. Chen Xijian has tendered his resignation as an Executive Director and Chief Executive Officer of the company with effect from April 3, 2012 in order to pursue his personal interest. His resignation is in line with disclosure in circular dated November 24, 2011 in which Mr. Chen Xijian shall resign within 2 weeks from the date of completion of the disposal of Yiwu Nengdali Garments Co. Ltd.