The board of directors of Bolina Holding Co., Ltd. announced that Mr. So Wai-man, Raymond has resigned as an independent non-executive director of the company and a member of the Audit Committee of the Board with effect from 7 July 2016 due to other business engagements which require more of his attention and dedication. Mr. So confirmed that he has no disagreement with the Board and there are no matters relating to his resignation that need to be brought to the attention of the shareholders of the Company. The Board announced that Mr. Wong Yuk Lun, Alan has been appointed as an independent non-executive director and a member of the Audit Committee of the Board with effect from 7 July 2016. Mr. Wong is currently an independent non-executive director of TUS International Limited. The Board announced that, due to internal job re-allocation, Mr. Lu Jianqing has been appointed as a member of the Remuneration Committee of the Board and Mr. Tong Jifeng has been appointed as the chairman of the Remuneration Committee of the Board, both with effect from 7 July 2016, and in the meanwhile, Mr. Yang Qingyun ceased to act as a member of the Remuneration Committee of the Board.