The Board of KEE Holdings Company Limited announced that Mr. Wu David Hang and Mr. Hou Jian have been appointed as executive Directors and Mr. Wong Yik Chung John, Mr. Tse Kai Chuen Calvin and Mr. Leung Ka Tin, have been appointed as independent non-executive Directors, all with immediate effect from 17 February 2016. Mr. Wu has also been appointed as chairman of the Board from 17 February 2016. The Board announced that Mr. Xu Xipeng, Mr. Xu Xinan and Mr. Chow resigned as executive Directors; and Mr. Yang resigned as non-executive Director, and Mr. Lin, Mr. Kong and Mr. Tam resigned as independent non-executive Directors, all with effect from the close of the Offers at 4:00 p.m. on 17 February 2016.

Mr. Xu Xipeng also resigned as chairman of the Board with effect from the close of the Offers at 4:00 p.m. on 17 February 2016. Mr. Leung has been appointed as the chairman of the Remuneration Committee; and Mr. Wong and Mr. Tse have been appointed as members of the Remuneration Committee. Mr. Tam has resigned as chairman of the Remuneration Committee; and Mr. Xu Xipeng and Mr. Lin have resigned as members of the Remuneration Committee.

Mr. Wu has been appointed as the chairman of the Nomination Committee; and Mr. Wong, Mr. Tse and Mr. Leung have been appointed as members of the Nomination Committee. Mr. Kong has resigned as chairman of the Nomination Committee; and Mr. Xu Xinan and Mr. Lin have resigned as members of the Nomination Committee. Mr. Wong has been appointed as the chairman of the Audit Committee; and Mr. Tse and Mr. Leung have been appointed as members of the Audit Committee.

Mr. Lin has resigned as chairman of the Audit Committee; and Mr. Kong and Mr. Tam have resigned as members of the Audit Committee. With effect from the close of the Offers at 4:00 p.m. on 17 February 2016, Mr. Xu Xinan has resigned as chief executive officer of the Company, and Mr. Wu has been appointed in his stead. With effect from the close of the Offers at 4:00 p.m. on 17 February 2016, Mr. Xu Haizhou and Ms. Li have resigned as joint company secretaries of the Company and Mr. Chu has been appointed in their stead.

With effect from the close of the Offers at 4:00 p.m. on 17 February 2016, Mr. Xu Xipeng and Ms. Li ceased to be the authorised representatives of the Company under the Listing Rules and Ms. Li ceased to be the authorised representatives of the Company under the Companies Ordinance, and Mr. Wu and Mr. Chu have been appointed as the authorised representatives of the Company under the Listing Rules and the Companies Ordinance. Wu David Hang is a vice president of overseas business development of Zhonghong Zhuoye Group Company Limited. Hou Jian served as an accounting clerk at Beijing Zhonghong Investment Company Limited.

He is currently an executive director and authorized representative of Chanco. Wong Yik Chung John Over the past three years, he served as directors for New York Stock Exchange, Steel Holdings, Incorporation and the Singapore Stock Exchange. Tse Kai Chuen Calvin served as a director in Corporate Comm.

Systems, a private company, from 1991 to 2003. Leung Ka Tin has 25 years of management experience in banking, treasury operation, project finance, logistics and human resource management. He was a senior management team member of various financial institutions including First Pacific Group, Nedcor Asia (previously known as Nedfinance) and BfG Germany.