Agritrade Resources : Announcements and Notices - Resignation of Non-executive Director and Change of Members of Remuneration Committee and Nomination Committee

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(Incorporated in Bermuda with limited liability)

(Stock Code: 1131)

The Board announces that Mr. Shiu has resigned as the non-executive director of the Company, the member of the Remuneration Committee and the member of the Nomination Committee with effect from 31 October 2016 due to his other business engagements which require more time for his dedication.

Mr. Chong Lee Chang has been appointed as the member of the Remuneration Committee and Mr. Terence Chang Xiang Wen has been appointed as the member of the Nomination Committee with effect from 31 October 2016.

The board (the "Board") of directors of Agritrade Resources Limited (the "Company") announces that Mr. Shiu Shu Ming ("Mr. Shiu") has resigned as the non-executive director of the Company, the member of the remuneration committee (the "Remuneration Committee") of the Company and the member of the nomination committee (the "Nomination Committee") of the Company with effect from 31 October 2016 due to his other business engagements which require more time for his dedication.

Mr. Shiu has confirmed that he has no disagreement with the Board and that there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company.

Following the resignation of Mr. Shiu, Mr. Chong Lee Chang, the independent non-executive director of the Company, has been appointed as the member of the Remuneration Committee, and Mr. Terence Chang Xiang Wen, the independent non-executive director of the Company, has been appointed as the member of the Nomination Committee, both with effect from 31 October 2016.

Taking this opportunity, the Board would like to express its gratitude to Mr. Shiu for his valuable contribution to the Company during his tenure of office.

Hong Kong, 31 October 2016

As at the date of this announcement, the Board comprises Mr. Ng Say Pek (Chairman), Mr. Ng Xinwei, Ms. Lim Beng Kim, Lulu and Mr. Ashok Kumar Sahoo as executive Directors and Mr. Chong Lee Chang, Mr. Siu Kin Wai and Mr. Terence Chang Xiang Wen as independent non- executive Directors.