The board of directors of Ko Yo Chemical (Group) Limited announced that with effect from 16 May 2015, Mr. Zhang Fubo has been appointed as a non-executive director, vice chairman of the Board, member of the nomination committee and the remuneration committee of the company. Prior to joining the Group, Mr. Zhang served at Guotai Junan Securities Company Limited where he held various positions including general manager of agency for share transfer centre, director of brokerage business and assistant to the president. Mr. Zhang has also served as a vice president of Xingan Securities Co.

Ltd., deputy general manager of Shanghai Securities Co. Ltd., and an independent non-executive director of Shanghai Jin Jiang International Hotels Development Co. Ltd. Mr. Zhang is a director of Asia Pacific Resources Development Investment Limited.

On 16 May 2015, the Board has resolved to appoint Mr. Sun Tongchuan as a member of the audit committee of the company with immediate effect. Mr. Sun Tongchuan is an existing independent non-executive director of the company.