The board of directors of Kate China Holdings Limited announced that Mr. Chan Tat Wah has resigned as an executive Director and the chairman of the company and an authorized representative of the company with effect from 17 November 2015 due to his other commitments and Professor Lai Kin Keung has resigned as the independent non-executive Director with effect from 17 November 2015 due to his other commitments. The Board announced that Mr. Wu Zhao has been appointed as the independent non-executive Director with effect from 17 November 2015. The Board announced that Mr. Chan Chi Yuen, an executive Director, has been appointed as the Chairman and the authorized representative with effect from 17 November 2015.

The Board also announced that, upon the resignation of Lai, he has ceased to be a member of each of the audit committee, the compliance committee and the remuneration committee of the company and the chairman of the nomination committee of the company. The Board further announced that Mr. Wu has been appointed as a member of each of the Audit Committee, the Compliance Committee and the Remuneration Committee and the chairman of the Nomination Committee.