The board of directors of C.banner International Holdings Limited announced that Mr. Xu Tingyu (Mr. Xu) has tendered his resignation as an executive Director and the chief financial officer of the company with effect from 12 December 2016 due to the pursuit of other business commitment. The Board announced that Mr. Ngan Wing Ho (Mr. Ngan) and Mr. Yuan Zhenhua (Mr. Yuan) have been appointed as executive Directors of the company with effect from 12 December 2016. The Board further announced that with effect from 12 December 2016, following the resignation of Mr. Xu, Mr. Ngan, an executive Director of the company, has been appointed as the new Chief Financial Director.