The Board of Directors of Asia Fashion Holdings Limited announced that A. Mr. Huo Wei Sheng will cease to be an Executive Director of the Company with effect from 21 March 2017. Mr. Huo Wei Sheng shall continue his office as the Chief Operating Officer of the Company. B. Mr. Zhu Zhi Hong has been appointed as an Executive Director of the Company with effect from 21 March 2017. Mr. Zhu Zhi Hong is a well experienced entrepreneur and has previously held senior management positions and directorships in various private companies based in the PRC and in Hong Kong. Mr. Zhu Zhi Hong graduated with a Bachelor's Degree in Business Administration from the Jin Ling Career University of Nanjing, China in 1999. C. As Mr. Huo Wei Sheng will no longer be a member of the Board with effect from 21 March 2017, his current position in the Board will be filled by Mr. Zhu Zhi Hong.