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CHINA QINFA GROUP LIMITED

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 00866) CHANGE OF CHIEF FINANCIAL OFFICER

The board (the "Board") of directors of China Qinfa Group Limited (the "Company") announces that Mr. WONG Chi Kin ("Mr. WONG") has tendered his resignation as the chief financial officer of the Company effective from 22 October 2014 to pursue other career opportunities.
Mr. WONG has confirmed to the Board that he has no disagreement with the Board and there is no other matter which needs to be brought to the attention of the shareholders of the Company in relation to his resignation. The Board would like to take this opportunity to express its gratitude to Mr. WONG for his valuable contribution to the Company during his tenure of office.
The Board also announces that Mr. FUNG Wai Shing ("Mr. FUNG"), who is the company secretary and authorised representative of the Company under The Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited, has been appointed as the chief financial officer of the Company effective from 22 October 2014.
Mr. FUNG, aged 45, graduated from University of London and The Hong Kong Polytechnic University with bachelor degree in banking and finance and MBA in finance respectively. He is an associate member of each of the Hong Kong Institute of Certified Public Accountants and Association of Chartered Certified Accountants with over 18 years experience in finance, auditing and accounting fields. Prior to joining the Group, he was the chief financial officer of a private group since June 2010. He was the qualified accountant and company secretary of Ko Yo Chemical (Group) Limited (previous stock code: 8042, current stock code: 827) from February 2002 to December 2005. Mr. FUNG was also the independent non-executive director of TLT Lottotainment Group Limited (stock code: 8022) from 12 August 2008 to 11 July 2012.
By order of the Board of

China Qinfa Group Limited XU Jihua

Chairman

Guangzhou, 21 October 2014

As at the date of this announcement, the Board comprises Mr. XU Jihua, Ms. WANG Jianfei, Mr. WENG Li, Mr. XU Da, Mr. MA Baofeng and Mr. BAI Tao as the executive directors, and Mr. HUANG Guosheng, Mr. LAU Sik Yuen and Mr. XING Zhiying as the independent non-executive directors.

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