The board of directors of C.banner International Holdings Limited announced that Mr. Xu Chengming has tendered his resignation as an independent non-executive Director with effect from January 28, 2014 due to the pursuit of other business commitment. Upon Mr. Xu's resignation, Mr. Xu ceased to be a member of the audit committee, remuneration committee and nomination committee of the company, each with effect from January 28, 2014. Mr. Xu has confirmed to the board that he has no disagreement with the board of the company.

The company will endeavor to identify suitable candidate to fill the vacancy and to comply with Rule 3.10A of the Listing Rules and Code Provision A.5.1 of the Corporate Governance Code as soon as practicable.