The board of directors of China Huishan Dairy Holdings Company Limited announced that Mr. XU Guangyi has tendered his resignation as an executive director of the Company with effect from 1 April 2017, as he requires more time to be dedicated to the day-to-day operations of the Group. Mr. Xu will also cease to be a member of the Food Quality and Safety Advisory Committee of the Company. Despite his resignation from the Board, Mr. Xu remains in employment with the Group and is principally responsible for overseeing the dairy farming business, feeds plantation, feeds processing and project and infrastructure management of the Group. Mr. Xu has confirmed that he has no claim against the Company in respect of remuneration, and there is no disagreement between him and the Board and there is no matter relating to his resignation that needs to be brought to the attention of The Stock Exchange of Hong Kong Limited and the shareholders of the Company.