The board of directors of China Traditional Chinese Medicine Holdings Co. Limited announced that Mr. YANG Bin has resigned as an executive Director and the Managing Director of the company with effect from 31 March 2017 due to health reason. Mr. YANG has vacated from the offices as member of the Nomination Committee and the Strategic Committee of the company upon his resignation as an executive Director becoming effective.

The Board announced that Mr. WANG Xiaochun, an executive Director, has been appointed as the Managing Director of the company with effect from 31 March 2017. He will be responsible for the implementation of the important policies and development strategies approved by the Board and has direct management responsibility for the daily operations of the Group. Mr. WANG has also been appointed as a member of the Nomination Committee of the company.

Prior to his appointment as the Managing Director, Mr. WANG was the Deputy Managing Director of the Company principally responsible for overseeing the Group's sales, human resources, internal audit and government relations. Following the resignation of Mr. YANG, he has ceased to be an authorized representative of the company for the purpose of Rule 3.05 of the Listing Rules on 31 March 2017. Mr. WANG has been appointed as an Authorized Representative with effect from 31 March 2017.