The board of Directors of China Jinmao Holdings Group Limited announced that, Mr. CAI Xiyou has tendered his resignation from the positions of Chairman and non-executive Director of the company with effect from 15 March 2016. Mr. CAI has confirmed that he has no disagreement with the Board and there are no matters relating to his resignation that need to be brought to the attention of the shareholders of the company. The Board has resolved that Mr. LI Congrui, an executive Director and the Chief Executive Officer of the company is authorised to assume the role and duties of the Chairman during the period commencing from 15 March 2016 and ending on the date of appointment of new Chairman of the company by the Board.