The board of directors of CPMC Holdings Limited announced that Mr. Fu Tingmei has resigned as an independent non-executive Director, the chairman of the remuneration committee and a member of each of the audit committee and nomination committee of the Company with effect from 2 July 2019 in order to focus his time and effort on his other business commitments. The Board announced that Mr. Chen Jihua ("Mr. Chen") has been appointed as an independent non-executive Director, the chairman of the risk management committee of the Company (the "Risk Management Committee") and a member of the Audit Committee with effect from 2 July 2019. Mr. Chen has also served as the chairman of Beijing Houji Capital Management Co. Ltd. since October 2011; the independent director of Shenzhen Chuangxin Hexin Fund Management Co. Ltd. since July 2014; the independent director of China Railway Hi-tech Industry Corporation Limited, since January 2017 and the independent director of Huang Shan NOVEL Company Limited, since June 2017. Taking into consideration the resignation of Mr. Fu and the joining of Mr. Chen, the composition of the board committees of the Company will also be re-designated and changed as below with effect from 2 July 2019: the Audit Committee will comprise three members, namely Mr. Cheng Yuk Wo (chairman), Mr. Zhou Yuan and Mr. Chen; the Nomination Committee will comprise three members, namely Mr. Zhang Xin (chairman), Mr. Cheng Yuk Wo and Mr. Pun Tit Shan; the Remuneration Committee will comprise three members, namely Mr. Pun Tit Shan (chairman), Mr. Shen Tao and Mr. Cheng Yuk Wo; and the Risk Management Committee will comprise three members, namely Mr. Chen (chairman), Mr. Zhang Ye and Mr. Chen Qianzheng.