The board of directors of Nine Dragon Paper (Holdings) Limited announced the following changes in its directorships and the composition of Board Committees: Mr. LAM Yiu Kin has been appointed as an independent non-executive director of the Company, chairman of the Audit Committee and members of each of the Nomination Committee, Remuneration Committee and Corporate Governance Committee of the Board with effect from 3 March 2016. Mr. Lam is presently an adjunct professor in the School of Accounting and Finance of The Hong Kong Polytechnic University, and a member of the Finance Management Committee of The Hong Kong Management Association. From 2014 to 2015, Mr. Lam was an independent non-executive director of Kate China Holdings Limited.

In all, Mr. Lam has over 40 years of extensive experience in accounting, auditing and business consulting. Mr. Lam is currently an independent non-executive director of each of (i) Global Digital Creations Holdings Limited (ii) Spring Real Estate Investment Trust (iii) Vital Mobile Holdings Limited (iv) Shanghai Fudan-Zhangjiang Bio-Pharmaceutical Co. Ltd. (v) Mason Financial Holdings Limited (vi) Shougang Concord Century Holdings Limited and (vii) COSCO Pacific Limited.

The Board announced the resignation of Dr. Cheng Chi Pang as an independent non-executive director of the company with effect from 3 March 2016. Dr. Cheng has been an independent non-executive director of the company since 2006. Dr. Cheng has decided to resign as an independent non-executive director of the company, the Chairman of the Audit Committee and a member of each of the Remuneration Committee, Nomination Committee and Corporate Governance Committee of the Board with effect from the expiry of his service contract on 3 March 2016.