China Gaoxian Fibre Fabric Holdings Ltd. announced that consequent to the resignation of Mr. Liu De Huang on October 31, 2015, Mr. Lin Xingdi (Executive Director of the Company) has undertaken the functions of the Chief Executive Officer in the interim while the search for a suitable candidate is in progress. Having reviewed Mr. Lin Xingdi's performance and contributions to the group, the board, with the concurrence of the Nominating Committee, confirms his re-designation and appointment as the CEO from the interim CEO since October 31, 2015. In this respect, the company will no longer be searching for a replacement for the position of the CEO.