The board of directors of Sunshine 100 China Holdings Ltd. announced that Mr. Du Hongwei has been appointed as the joint company secretary of the company with effect from June 23, 2014. Mr. Ngai Wai Fung the existing company secretary of the company, will continue to act as the other joint company secretary. Mr. Du, aged 46, is the vice president and the chief financial officer of the group.

He is responsible for the financial affairs of the group. Mr. Du joined the group as the vice president in December 2013 and was appointed as the chief financial officer of the group in January 2014. Mr. Du currently does not possess the requisite qualifications and relevant experience as stipulated under Rule 3.28 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

In this regard, the company has made an application to the Stock Exchange for, and the Stock Exchange has granted a waiver from strict compliance with the requirements under Rule 3.28 of the Listing Rules in relation to Mr. Du's eligibility to become the joint company secretary for a three-year period from the date of his appointment on the condition that Mr. Du will be assisted by Mr. Ngai to perform his duties during the Waiver Period. The Waiver will be revoked immediately if Mr. Ngai ceases to be the joint company secretary. Upon the expiry of the Waiver Period, the qualifications and experience of Mr. Du and the need for the ongoing assistance of Mr. Ngai will be further evaluated by the company.