The board of directors of China Foods Limited announced that, with effect from 26 August 2015, Mr. YU Xubo ceased to be the chairman of the Board and the chairman of the Nomination Committee but remains as a non-executive director of the company and a member of the Remuneration Committee, and Mr. MA Jianping, an existing non-executive director of the company, has been appointed as the chairman of the Board, the chairman of the Nomination Committee and a member of the Remuneration Committee. The Board further announced that, with effect from 26 August 2015, Mr. LU Xiaohui has resigned as an executive director of the company to focus on his duties as the general manager of the internal audit and supervision department of the company. Following his resignation, Mr. LU ceased to be a member of the Executive Committee of the company.