Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

Global bio-chem TechnoloGy Group company limiTed

*

(incorporated in the Cayman Islands with limited liability)

(Stock code: 00809) reSiGnaTion oF independenT non-eXecuTiVe direcTor

The Board (the "board") of directors (the "directors") of Global Bio-chem Technology Group Company Limited (the "company") announces that Mr. Li Defa ("mr. li") has tendered his resignation as an independent non-executive Director with effect from 5 February 2015 as he wishes to devote more time on his other work commitment. Following his resignation as an independent non-executive Director, Mr. Li also ceased to act as a member of the audit committee of the Company.
Mr. Li has confirmed that there is no disagreement between him and the Board and there are no matters that need to be brought to the attention of the shareholders of the Company in connection with his resignation.
Following Mr. Li's resignation, the Company has only two independent non-executive Directors and the audit committee of the Company has only two members, which falls below the minimum number required under Rules 3.10(1) and 3.21 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.
The Board is currently identifying a suitable candidate to fill the aforesaid vacancies and expects the vacancies to be filled within three months from the date of resignation of Mr. Li. Further announcement will be made by the Company as and when appropriate.
The Board would like to express its gratitude to Mr. Li for his valuable contribution to the Company during the tenure of his office.
By order of the Board

Global bio-chem Technology Group company limited liu Xiaoming

Chairman

Hong Kong, 6 February 2015

As at the date of this announcement, the Board comprises four executive Directors, namely Mr. Liu Xiaoming, Ms. Xu Ziyi, Mr. Li Weigang and Mr. Wang Yongan and two independent non-executive Directors, namely Mr. Chan Man Hon, Eric and Mr. Lee Yuen Kwong.

* for identification purpose only

distributed by