The board of directors of Haitian International Holdings Limited announced that approaching completion of ten-year services as Vice President, Executive Director and Chief Strategic Officer and having reached the age of 65, Professor Helmut Helmar Franz will retire from the aforesaid positions and be re-designated from Executive Director of the company to Non- executive Director of the company with effect from October 2, 2015. Prof. Franz will continue to act in the capacity of non-executive member of the Board and serve as a strategic consultant to the Group.