The board of directors of China Sunshine Paper Holdings Company Limited announced that Mr. Leung Ping Shing has tendered his resignation as an independent non-executive Director, the chairman and a member of the audit committee and a member of the remuneration committee of the Board with effect from 15 December 2016 due to his other personal commitments. Mr. Leung has confirmed that he has no disagreement with the Board and there are no matters relating to his resignation that need to be brought to the attention of the shareholders of the Company. Ms. Shan Yueyan has been appointed as an independent non-executive Director, the chairlady and a member of the audit committee, and a member of the remuneration committee of the Board with effect from 15 December 2016. Currently, Ms. Shan is the audit supervisor of Shouguang Shengcheng Certified Public Accountants, which she joined in July 2001. At Shouguang Shengcheng, Ms. Shan is mainly responsible for auditing sizeable enterprises and government projects, and providing finance and tax consultancy services to enterprises in China.