The board of directors of Hanbo Enterprises Holdings Limited announced that Mr. Ng Ming Yuen, John has tendered his resignation as an independent non- executive director, the chairman of the audit committee, and the member of the nomination committee and the compliance committee of the company because he needs to devote more time to his own legal proceeding and family, with effect from April 15, 2016. Mr. Ng has confirmed that he has not claimed any compensations against the company for his resignation and has no disagreement with the Board, and there is no other matter in relation to his resignation that needs to be brought to the attention of the shareholders of the company.