The board of directors of CPMC Holdings Limited announced that with effect from 22 December 2016, Mr. Zhang Ye has been appointed as an executive Director. Mr. Zhang, aged 43, is appointed as an executive Director on 22 December 2016. Mr. Wan Zaotian has resigned as a non-executive Director with effect from 22 December 2016, due to his pursuit of other positions in COFCO Corporation which require more of his dedications and time commitment. Mr. Hu Yonglei has resigned as a non-executive Director and a member of the audit committee of the Board with effect from 22 December 2016, due to his work re-designation. The Board announced that with effect from 22 December 2016, Mr. Li Jian has been appointed as a non-executive Director. Mr. Li, aged 59, is appointed as a non-executive Director on 22 December 2016. Mr. Li had served as the general manager and communist party secretary of China National Feedstuff Group Corporation from 2002 to 2003, and as the assistant to general manager, deputy general manager and member of communist party of China Grains and Oils Group Corporation successively from 2003 to 2006. The Board announced that with effect from 22 December 2016, Mr. Chen Qianzheng has been appointed as a non-executive Director. Mr. Chen, aged 52, is appointed as a non-executive Director on 22 December 2016. The Board further announced that, in respect of the Audit Committee, with effect from 22 December 2016, Mr. Zhou Yuan has been appointed as a member of the Audit Committee. In respect of the Remuneration Committee, with effect from 22 December 2016: Mr. Zhang Xin and Mr. Cheng Yuk Wo have resigned as members of the Remuneration Committee; and Mr. Pun Tit Shan and Mr. Chen Qianzheng have been appointed as members of the Remuneration Committee. The Board has appointed Mr. Pun Tit Shan, an independent non-executive Director, as the chairman of the Risk Management Committee, and Mr. Li Jian and Mr. Shen Tao each being a non-executive Director, as members of the Risk Management Committee.