The board of directors of China Environmental Resources Group Limited announced that Mr. Kwok Wai, Wilfred resigned as an executive director with effect from January 16, 2015, due to the need to devote more time to pursue his other business commitments. The Board also announces that Mr. Chan Ka Yin resigned as the independent non-executive director and ceased to be the chairman and the member of the audit committee, the nomination committee and the remuneration committee with effect from January 16, 2015, due to pursue of his own business. The Board announced that Mr. Chen Yuyang has been appointed as an executive director with effect from January 16, 2015 and Mr. Heung Chee Hang, Eric has been appointed as an independent non-executive director, the member of the audit committee, the nomination committee and the remuneration committee with effect from January 16, 2015.

Mr. Ong Chi King, one of the independent non-executive director, has been appointed as the Chairman of the audit committee, the remuneration committee and the nomination committee with effect from January 16, 2015. Mr. Heung is presently a partner of Messrs. Tung, Ng, Tse & Heung, an independent non- executive director of Zhong Fa Zhan Holding Limited and Gold Tat Group International Limited, director of Lions Education Foundation, director of Lions Clubs of Kwai Tsing HKSAR and committee legal adviser of the Association of the Hong Kong Members of Shandong's Chinese People's Political Consultative Conference.