The Board of China Hanking Holdings Limited announced that Mr. Yang Jiye, currently an executive Director, vice chairman of the Board, as well as Chief Executive Officer and President, has resigned as Chief Executive Officer and President while continuing to act as executive Director, vice chairman of the Board and member of the Remuneration Committee; Mr. Pan Guocheng, currently an executive Director and chairman of the Board, has resigned as chairman of the Board and chairman of the Nomination Committee while continuing to act as executive Director and chairman of the HSEC Committee, and has been appointed as Chief Executive Officer and President; Ms. Yang Min, currently a non-executive Director, has been appointed as chairlady of the Board and chairlady of the Nomination Committee and re-designated from a non-executive Director to an executive Director; and Mr. Victor Yang has been appointed as an independent non-executive Director and would also act as a member of the nomination committee and audit committee. The Board further announced that Mr. Johnson Chi-King Fu has retired as an independent non-executive Director upon conclusion of the just-concluded AGM.