The board of directors of Shandong Chenming Paper Holdings Ltd. announced that Mr. Wang Xiaoqun has tendered his resignation letter to the company in respect of his position as a non-executive Director on 20 August 2015 due to personal health issue. Mr. Wang has confirmed that there is no disagreement with the Board and he is not aware of any other matter relating to his resignation that needs to be brought to the attention of the shareholders of the company. The Board has noted that the resignation of Mr. Wang will result in the number of external Directors of the company be less than the requirement of half of the Board.

Therefore, the resignation of Mr. Wang will be effective upon the appointment of a new external Director. Before that, Mr. Wang will continue to perform his obligations as a non-executive Director in accordance with relevant requirements of the company Laws, the articles of association of the company and the Provisional Regulations.