The board of directors of Sino Splendid Holdings Limited announced that, with effect from 21 December 2015, Ms. Xu Yun (Ms. Xu) resigned as a Non-executive Director and the Chairlady of the Board due to her other engagements and commitments which require more of her dedication. Ms. Xu has confirmed that she has no disagreement with the Board and there is no other matter that needs to be brought to the attention of the shareholders of the company.