Asia Cement (China) Holdings Corp. announced that Madam Shao has resigned as an executive Director, the Chief Financial Officer and an Authorised Representative. The board appointed Ms. Wu has been appointed as an executive Director and the Chief Financial Officer of the Company; and Ms. Wu has been appointed as an Authorised Representative., with effect from April 14, 2016.

Ms. Wu has served as the chief financial officer and executive vice president of Asia Cement Corporation, the controlling shareholder of the Company and a limited liability company incorporated in Taiwan with its shares listed on the Taiwan Stock Exchange Corporation, and its affiliate, Far Eastern Group of Taiwan ("FEG"), since 2007. Ms. Wu serves as a director and supervisor for more than 30 companies including being a supervisor and former member of the board of directors of Oriental Union Chemical Corporation. Ms. Wu has also been the Chief of Staff of the Company since September 2014.

From June 2001 to July 2007, Ms. Wu served as Vice President of Internal Audit Department and Corporate Controller of Far EasTone Telecommunications Co. Ltd., Ms. Wu has more than 30 years of experience working with international public accounting, manufacturing, telecommunications and internet service provider and she has extensive experience in the cement industry in the People's Republic of China as well as abroad.