The board of directors of Silverman Holdings Limited announced that with effect from 25 November 2015, Mr. Chang Tao has resigned as an independent non-executive director of the company in order to devote more time for other personal pursuits. Mr. Chang has confirmed to the company that, in relation to his resignation, he has no outstanding claims against the company, whatsoever whether in respect of fees, remuneration or compensation; he has no disagreement with the Board; and there is no matter that needs to be brought to the attention of the shareholders of the Company and The Stock Exchange of Hong Kong Limited. The Board is pleased to announced that Mr. Gao Gordon Xia has been appointed as an independent non-executive director of the company with effect from 25 November 2015.

Mr. Chang has ceased to be the chairman of the nomination committee, a member of each of the audit committee and the remuneration committee. Mr. Gao has been appointed as the chairman of the nomination committee, a member of each of the audit committee and the remuneration committee with effect from 25 November 2015.