The board of directors of C.banner International Holdings Limited announced that Mr. Zheng Hongliang has been appointed as an independent non-executive Director with effect from 23 April 2014 to fill the vacancy following the resignation of Mr. Xu Chengming. Mr. Zheng has also been appointed as a member of each of the audit committee, nomination committee and remuneration committee of the company, with effect from 23 April 2014. Mr. Zheng, aged 55, is currently a professor of the Institute of Economics Chinese Academy of Social Science.

Mr. Zheng is also the executive vice-editor-in-chief of editorial office of Economic Research Journal, which is a PRC journal in economic theory research published by the Institute of Economics of Chinese Academy of Social Science.