The board of directors of Da Ming International Holdings Limited announced that Mr. Kang In Soo has resigned as an executive director of the company with effect from 24 March 2016. Mr. Kang will continue to serve as the general manager in Tianjin Taigang Daming Metal Products Company Limited, which is held as to 91% by the Group. Mr. Kang has decided to resign from the Board due to his decision to devote more time to Tianjin Taigang s operation and business development.

The Board also announced that Ms. Xu Xia has been appointed as an executive director of the company with effect from 24 March 2016. Ms. Xu Xia, aged 41, is currently a director of Allybest Investments Limited, a wholly- owned subsidiary of the company, director of each of Jiangsu Daming Metal Products Company Limited, Wuhan Fortune Express Metal Products Company Limited., Daming Heavy Industry Company Limited., Fortune Express Industrial Limited and Daming Metals (Hong Kong) Company Limited, all are indirect wholly-owned subsidiaries of the company. She is also a director of Hangzhou Wanzhou Metal Products Company Limited.

Ms. Xu is the wife of Mr. Zhou Keming, the chairman of the Board and chief executive officer of the Group, and a director and a substantial shareholder of the company. Mr. Zhang Feng is a director of the company.