The board of directors of Chun Wo Development Holdings Limited announced that Ms. Chan Sau Mui, Juanna (“Ms. Chan”) has resigned as the company secretary of the Company (the “Company Secretary”) and ceased to act the authorized representative of the Company (the “Authorized Representative”) under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “Stock Exchange”) with effect from 1 October 2015 in her own accord for her further personal development. Ms. Chan has confirmed to the Board that she has no disagreement with the Board and there is no other matters in relation to her resignation that needs to be brought to the attention of the shareholders of the Company and the Stock Exchange. Following the resignation of Ms. Chan, the Board announced that Mr. Shea Chun Lok, Martin (“Mr. Shea”), the Chief Financial Officer of the Company, has been appointed as the Company Secretary and the Authorized Representative with effect from 1 October 2015.

Mr. Shea worked as company secretary and qualified accountant in various Hong Kong Main Board listed companies for many years. He has been appointed as independent non-executive director of Beijing Enterprises Water Group Limited (stock code: 00371) since 2002, a company listed on the Stock Exchange.