CPMC Holdings Limited announced Change of Composition of Independent Board Committee. As set out in the Joint Announcement, the Independent Board Committee comprises two non-executive Directors, being Mr. Zhou Yuan and Mr. Shen Tao, and all independent non-executive Directors, being Mr. Cheng Yuk Wo, Mr. Pun Tit Shan and Mr. Chen Jihua. Given ORG Development is an indirect wholly-owned subsidiary of ORG Technology and both Mr. Zhou Yuan and Mr. Shen Tao are directors and have served in other senior management positions in ORG Technology; Mr. Zhou Yuan and Mr. Shen Tao are considered as having direct or indirect interest in the Offer/the Possible Separate Offer and have ceased to be members of the Independent Board Committee.

As at the date of this announcement, the Independent Board Committee only comprises all independent non-executive Directors, being Mr. Cheng Yuk Wo, Mr. Pun Tit Shan and Mr. Chen Jihua.