The board of directors of China Zhongwang Holdings Limited announced with deep sorrow that Ms. ZHONG Hong ("Ms. Zhong"), a non-executive director of the company, passed away on 16 February 2017. Ms. Zhong joined the group in September 2003, and has been a director and a vice president of the company since April 2008. During her tenure, she has performed her duties with due diligence and made great contribution to the corporate governance of the company and the effective operation of the board. During her tenure, Ms. Zhong has been primarily responsible for the group's production management, and led the establishment of Yingkou Zhongwang Aluminium Company Limited a wholly-owned subsidiary of the company.