The board of the directors of Shanghai International Shanghai Growth Investment Limited announced that Mr. Feng Huang has been appointed as a non-executive director of the Company with effect from 17 December 2015. Mr. Feng was a director of Haitong Securities Co. Ltd. from 16 May 2011 to 30 December 2014 and is re-designated as a supervisor since 30 December 2014.

The Board announced that due to a recent change in substantial shareholders of the Company, Mr. Chen Chi-chuan, Mr. Tseng Ta-mon and Mr. Lee Tien- chieh have resigned as non-executive directors of the Company with effect from the date of this announcement. Additionally, Mr. Chen has also ceased to be a member of the Company's audit committee. Mr. Chen, Mr. Tseng and Mr. Lee have respectively confirmed to the Board that they have no disagreement with the Board and there are no other matters relating to their resignations that need to be brought to the attention of the shareholders of the Company.

With Mr. Chen ceasing to be a member of the Company's audit committee, the Board considered that the remaining members namely, Mr. Yick Wing Fat Simon (chairman), Dr. Hua Min and Mr. Ong Ka Thai, all of them being independent non-executive directors of the Company, possess the required professional skills and knowledge in discharging the responsibilities of the Audit Committee and the composition of the Audit Committee complies with the Listing Rule requirements. Accordingly no replacement will be appointed for Mr. Chen on the Audit Committee.