The board of directors of 361 Degrees International Limited announced that Mr. Liu Jianxing has tendered his resignation as an independent non-executive director of the company with effect from September 2, 2013. Following his resignation, Mr. Liu has also ceased to be a member of each of the audit committee of the company, the nomination committee of the company and the remuneration committee of the company and the chairman of the Nomination Committee with effect from September 2, 2013 in order to spend more time on his personal affairs. Mr. Liu confirmed that he has no disagreement with the board and there is no matter in respect of his resignation that needs to be brought to the attention of the shareholders of the company.

The board further announced that Mr. Tsui Yung Kwok, an independent non-executive director and a current member of the Audit Committee and the Nomination Committee, was appointed as the chairman of the Nomination Committee with effect from September 2, 2013 and Mr. Yan Man Sing Frankie, an independent non-executive Director, was appointed as a member of the Remuneration Committee with effect from September 2, 2013.