Burwill : Announcements and Notices - Redesignation of Director, Resignations of Member of the Audit Committee, Member of the Nomination Committee and Change of Member of the Remuneration Committee

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(incorporated in Bermuda with limited liability)

(Stock Code: 24)

REDESIGNATION OF DIRECTOR, RESIGNATIONS OF MEMBER OF THE AUDIT COMMITTEE, MEMBER OF THE NOMINATION COMMITTEE AND CHANGE OF MEMBER OF THE REMUNERATION COMMITTEE

The Board hereby announces that with effect from 3 March 2017, Mr. Huang Shenglan has been re-designated as a Non-Executive Director of the Company and he also resigned as a member of the Audit Committee, a member of the Remuneration Committee and a member of the Nomination Committee. In addition, Mr. Chan Ming Fai has been appointed as a member of the Remuneration Committee with effect from 3 March 2017.

The board of directors (the "Board") of Burwill Holdings Limited (the "Company") hereby announces that with effect from 3 March 2017, Mr. Huang Shenglan, originally an Independent Non-Executive Director of the Company, has been re-designated as a Non-Executive Director of the Company and he also resigned as a member of the Audit Committee, a member of the Remuneration Committee and a member of the Nomination Committee. In addition, Mr. Chan Ming Fai, an Independent Non-Executive Director of the Company, has been appointed as a member of the Remuneration Committee with effect from 3 March 2017.

Mr. Huang Shenglan, aged 65, joined the Group as an Independent Non-Executive Director of the Company in September 2004, was an Executive Director and the Deputy Governor of China Everbright Bank, Head Office, an Executive Director and the General Manager of China Everbright Technology Limited and an Independent Non-Executive Director of Chongqing Road & Bridge Co. Ltd. and Symphony Holdings Limited. Mr. Huang holds a diploma in Arts from Huazhong Normal University and in International Economics from Huadong Normal University and a certificate in International Economic Law from Xiamen University and in Advanced Management Programme from the Business School of Harvard University, USA. Mr. Huang is an Independent Non-Executive Director of China LotSynergy Holdings Limited, a Non-Executive Director of China Fortune Investments (Holding) Limited and an Executive Director of Asia Investment Finance Group Limited. Save as disclosed above, Mr. Huang did not hold any directorships in other listed public companies in the past three years. Mr. Huang does not have any relationship with any other director, senior management or substantial or controlling shareholder of the Company.

As at the date of this announcement, Mr. Huang has beneficial personal interest in 2,250,000 shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance. Mr. Huang has entered into a service contract with the Company on 3 March 2017 for a term of three years. He is subject to retirement by rotation and re-election at general meeting(s) of the Company in accordance with the Memorandum of Association and Bye-laws of the Company and is entitled to a Director's fee of HK$319,200 per annum under his service contract with the Company. The Directors' fee are determined with reference to that Director's responsibilities, abilities and performance, the Company's operations as well as remuneration benchmark in the industry and prevailing market conditions.

Save as disclosed above, there is no other information relating to Mr. Huang Shenglan which is required to be disclosed pursuant to the requirements under Rule 13.51(2)(h) to Rule 13.51(2)(v) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules"). There is also no further information that needs to be brought to the attention of the shareholders of the Company in relation to the aforesaid re-designation.

Following the re-designation of Mr. Huang, the Company currently has only two Independent Non-Executive Directors and two members in the Audit Committee of the Company. As such, the Company is temporarily not compliant with Rule 3.10(1), Rule 3.10A and Rule 3.21 of the Listing Rules. The Company is in the process of identifying suitable candidates to act as Independent Non-Executive Directors and a member of the Audit Committee of the Company and the appointments will be made as soon as practicable.

By order of the Board Burwill Holdings Limited KWOK Wai Lam Director

Hong Kong, 3 March 2017

As at the date of this announcement, the Board of Directors of the Company comprises Mr. Chan Shing, Ms. Cheung Kwan, Mr. Sit Hoi Tung, Mr. Wei Jiafu, Mr. Kwok Wai Lam and Mr. Sham Kai Man as Executive Directors; Mr. Cui Shu Ming and Mr. Chan Ming Fai as Independent Non-Executive Directors; and Mr. Huang Shenglan as Non-Executive Director.