Xinming China Holdings Limited announced that Mr. Gu retired as an independent non-executive director of the company with effect from the conclusion of the AGM. Due to his retirement, Mr. Gu also ceased to be the chairman of remuneration committee and a member of the audit committee and nomination committee of the board of directors the company at the conclusion of the AGM. Mr. Chu Kin Wang Peleus will be appointed as the chairman of the remuneration committee to take the place of Mr. Gu; Mr. Chu will be appointed as the member of the nomination committee to take the place of Mr. Gu; Mr. Lo Wa Kei Roy will cease to be the chairman but will remain as a member of the audit committee and cease to be a member of the remuneration committee; Mr. Chu will be appointed as the chairman of the audit committee; and Mr. Choi will be appointed as the member of the remuneration committee.