The board of directors of 361 Degrees International Holdings Limited announced that Mr. Sun Xianhong has tendered his resignation as an independent non-executive director to spend more time on his personal affairs with effect from June 1, 2014. Mr. Sun will also cease to be a member of each of the audit committee and remuneration committee of the board and the chairman of the remuneration committee of the board, with effect from June 1, 2014. Mr. Sun has confirmed that he has no disagreement with the board and there is no matter in respect of his resignation that needs to be brought to the attention of the shareholders of the company.

The board announced that Dr. Liao Jianwen has been appointed as an independent non-executive director with effect from June 1, 2014 to fill the casual vacancy of the board due to the resignation of Mr. Sun. Dr. Liao has also been appointed as a member of each of the audit committee and remuneration committee of the board and the chairman of the remuneration committee of the board, with effect from June 1, 2014.