The Board of CIAM Group Limited has approved the resignation of Mr. Dou Jianzhong as an Executive Director of the company effective from 29 October 2015 due to his retirement and Mr. Dou should ipso facto cease to be the Chairman of the Company, the Chairman of the Nomination Committee of the company and a member of the Remuneration Committee of the company on the same date. Dou confirmed to the company that he has no disagreement with the Board and that there are no other matters that need to be brought to the attention of the shareholders of the company in relation to his resignation. The Board has approved the appointment of Mr. Cao Zhong, the Executive Vice-chairman of the company, as the Chairman of the company with effect from 29 October 2015.