The board of directors of China ITS (Holdings) Co., Ltd. announces that Mr. Sun Lu has tendered his resignation as an independent non-executive director, the chairman of the remuneration committee, a member of the audit committee and the nomination committee of the board with effect from 29 April 2016 in order to focus on his other business engagement. Following the resignation of Mr. Sun, Mr. Choi Onward, an independent non-executive Director and a member of the Remuneration Committee, has been appointed as the chairman of the Remuneration Committee with effect from 29 April 2016 in place of Mr. Sun. Mr. Sun has confirmed that he has no disagreement with the Board and that there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the company.