China Foods Limited announced that Mr. Wang Zhiying has tendered his resignation as a non-executive director of the Company and a member of the remuneration committee of the Board due to re-designation of responsibilities within COFCO Group (as defined below) with effect from 17 January 2017. Mr. Wang has confirmed that he has no disagreement with the Board and there is no other matter relating to his resignation needs to be brought to the attention of the shareholders of the company. The Board announced that Ms. Luan Xiuju has been appointed as an executive director of the Company and a member of the executive committee of the Board with effect from 17 January 2017. Ms. Luan, 51, is currently a director and the chief executive officer of COFCO Coca-Cola Beverages Limited, a non-wholly owned subsidiary of the company, and a director of certain subsidiaries of the company. Ms. Luan will enter into an appointment letter with the Company for a term of three years commencing from her date of appointment and subject to termination by giving three months' prior written notice. The Board announced that Ms. Xiao Jianping and Mr. Qin Yelong have been appointed as non-executive directors of the Company with effect from 17 January 2017. Ms. Xiao, 52, was the deputy general manager and the chief accountant of China Merchandise Reserve Management Center during the period from April to November 2016. Mr. Qin, 54, joined COFCO Group in 1992 and has held various management positions, including the vice president of COFCO International Limited during the period from September 2014 to November 2016. The Board further announced that, with effect from 17 January 2017, Mr. Wang ceased to be a member of the Remuneration Committee and Ms. Luan has been appointed as a member of the Executive Committee. Following changes: (i) the Remuneration Committee will comprise of four members, namely Mr. Yuen Tin Fan, Francis (as the chairman of the Remuneration Committee), Mr. Ma Jianping, Mr. Stephen Edward Clark and Mr. Paul Etchells; and (ii) the Executive Committee will comprise of four members, namely Mr. Jiang Guojin (as the chairman of the Executive Committee), Ms. Luan Xiuju, Mr. Wu Fei and Mr. Zhou Chenguang.