Steed Oriental (Holdings) Company Limited announce that with effect from 6 March 2018, Mr. Wang Wei has been appointed as an independent non-executive Director; and Mr. Ding Hongquan has been re-designated from an independent non-executive Director to a non-executive Director. Mr. Ding Hongquan has resigned (i) as the member of each of the audit committee and the remuneration committee of the company and (ii) as the member and the chairman of the nomination committee of the company; and Mr. Wang Wei has been appointed (i) as the member of each of the audit committee and the remuneration committee of the company and (ii) as the member and the chairman of the nomination committee of the company.