The board of directors of CIMC Enric Holdings Limited announced that Mr. Jin Jianlong and Mr. Yu Yuqun have been re-designated from executive directors to non-executive directors with effect from 5 September 2016. Mr. Jin remains as a member of the remuneration committee of the Company. The Board announced that Mr. Wang Yu has been appointed as a non-executive director of the Company with effect from 5 September 2016. Mr. Wang, aged 44, worked in the legal affair department of China Ocean Shipping (Group) Company from 1996 to 2000 and America International Data Group's branch in China from 2001 to 2002. Mr. Wang joined CIMC in 2003, and has been the general manager of the legal department of CIMC since 2007. He holds a number of directorships in certain subsidiaries of CIMC. Mr. Wang was admitted as a lawyer in the People's Republic of China in 1997 and is currently a non-practising lawyer. Mr. Wang is also an arbitrator of South China International Economic and Trade Arbitration Commission (also known as Shenzhen Court of International Arbitration) and China International Economic and Trade Arbitration Commission. The Board has cancelled its executive committee of the Company with effect from 5 September 2016. The terms of reference of executive committee and the terms of office of each chairman and member of the executive committee were therefore terminated. The Board shall be responsible for execution of 'Responsibilities' and 'Duties, power and functions' under the lapsed terms of reference of executive committee as appropriate.