The board of directors of Weiye Holdings Limited announced that Mr. Siu Man Ho Simon has been appointed as the Independent Non-Executive Director of the Company with effect from 10 March 2016. Upon appointment, Mr. Siu will be the Chairman of the Nominating Committee and a member of the Audit Committee and Remuneration Committee. Mr. Dong Xincheng, the Company's Independent Director, has been re-designated from Independent Director to Non-Executive Director with effect from 10 March 2016.

Upon re-designation, Mr. Dong will be re-designated from the Chairman of the Nominating Committee (the "NC") to member of the NC and ceased to be a member of Audit Committee and Remuneration Committee. Mr. Man Yun Wah has been appointed as the joint Company Secretary of the Company with effect from 10 March 2016. Upon his appointment, Mr. Man and Ms. Shirley Tan Sey Liy will be the Company Secretaries of the Company.