China Ouhua Winery Holdings Limited Announces Re-Designation of Zhang, Fuwei as Independent and Non-Executive Chairman of Nomination Committee from Independent and Non-Executive Member of Nomination Committee

China Ouhua Winery Holdings Limited is a China-based investment holding company. The Company operates through two segments: White wine (WW) and Red wine (RW). The White wine segment is engaged in the business of producing white wines from Chardonnay, Riesling, Sauvignon Blanc and Pinot Blancs grape varietals, grown on Yantai Fazenda Ouhua's vineyards grapes sourced from grape growers from areas neighboring Yantai Fazenda Ouhua's vineyards, as well as wines purchased for production. The Red wine segment is engaged in the business of producing red wines from Cabernet Sauvignon, Pinot Noir, Shiraz, Merlot grape varietals, grown on Yantai Fazenda Ouhua's vineyards, grapes sourced from grape growers from areas neighboring Yantai Fazenda Ouhua's vineyards, as well as wines purchased for production. The Company's subsidiary is Yantai Fazenda Ouhua, which is engaged in the production of range of wine and sales of its self-produced wines.