E154548A_Hidili 1..2

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RESIGNATION AND APPOINTMENT OF

INDEPENDENT NON-EXECUTIVE DIRECTOR

  1. RESIGNATION OF INDEPENDENT NON-EXECUTIVE DIRECTOR


    The Board of Directors (the ''Board'') of Hidili Industry International Development Limited 恒鼎實業國際發展有限公司 (the ''Company'') hereby announces that Mr.

    Chan Chi Hing (''Mr. Chan'') has resigned as an independent non-executive director, chairman of the audit committee and the remuneration committee of the Company with effect from 7 November 2015 as to concentrate on other commitments.


    Mr. Chan confirmed that there is no disagreement with the Board and that there are no matters relating to his resignation that need to be brought to the attention of shareholders of the Company.


    The Board would like to express its thanks to Mr. Chan for his valuable contribution to the Company during his tenure of office.


  2. APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR


The Board of the Company is pleased to further announce that Mr. Sin Yuen Ko Terence (''Mr. Sin'') has appointed as an independent non-executive director, chairman of the audit committee and the remuneration committee of the Company with effect from 7 November 2015.


Mr. Sin, aged 44, is a member of Hong Kong Institute of Certified Public Accountants and fellow member of Association of Chartered Certified Accountants. Mr. Sin is a Certified Public Accountants (Practising). He worked with several Hong Kong accounting firms and PricewaterhouseCoopers for over 10 years. Mr. Sin has over 20 years of experience in auditing, taxation, corporate finance and accounting. Mr. Sin

received a bachelor degree of business administration from Hong Kong Lingnan University in 1999. Mr. Sin is also a company secretary of China Haisheng Juice Holdings Co., Ltd., a public company listed on the Stock Exchange.


Mr. Sin has entered into a letter of appointment with the Company for a term of two years commencing on 7 November 2015. Mr. Sin is entitled to a director's fee of RMB200,000 per annum being determined with reference to his duties and responsibilities with the Company.


As at the date of this announcement, Mr. Sin does not have any relationships with any other directors, senior management or substantial or controlling shareholders of the Company. Mr. Sin does not have any interests in the shares or underlying shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).


As at the date of this announcement, Mr. Sin holds no directorship in any public listed companies in the past three years.


Save as disclosed above, Mr. Sin has confirmed that there are no other matters that need to be brought to the attention of the shareholders of the Company and there is no information to be disclosed pursuant to any of the requirements of Rule 13.51(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the ''Listing Rules'').


After the changes as mentioned above, the number of independent non-executive directors and the number of members of audit committee of the Company still fall below three, the number of which fails to meet the requirements under Rules 3.10(1) and 3.21 of the Listing Rules. The Company is currently identifying appropriate person to fill the vacancy as independent non-executive director and member of audit committee pursuant to the requirements under the Listing Rules.


By Order of the Board

Hidili Industry International Development Limited Xian Yang

Chairman


Hong Kong

9 November 2015


As at the date of this announcement, the executive directors of the Company are Mr. Xian Yang (Chairman) and Mr. Sun Jiankun and the independent non-executive directors of the Company are Mr. Huang Rongsheng and Mr. Sin Yuen Ko Terence.

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