The board of directors of China Household Holdings Limited announced that Mr. Li Dikang has been appointed as non-executive director of the Company with effect from 4 May 2015. Mr. Li, aged 61, has worked in the economic management field for the Chinese Government for over 30 years. From 1975 to 2015, he has served various leading positions in the Chinese Government and has been responsible for economic management.

He has comprehensive experience in economic and corporate management, and has been repeatedly elected as Party representative and Deputy to the People's Congress. Mr. Li has not previously held any position with the Company or any subsidiaries prior to his joining of the Group, and has not been a director in any other listed public companies in the past three years. The appointment of Mr. Li to the office of non-executive director of the Company is not for a specific term and he is subject to retirement by rotation and re-election in accordance with the byelaws of the Company.

The Board announced that Mr. Xie Jianming and Mr. Zhu Qi have resigned as non-executive directors of the Company with effect from 4 May 2015 due to their personal business development. The Board announced that Mr. Lin Xuebin, an independent non-executive director, has been appointed as a member of audit committee of the Company with effect from 4 May 2015. Dr. Kaneko Hiroshi, an executive director, ceased to be the member of audit committee with effect from 4 May 2015.

The Board announced that Mr. Szeto Ka Fai Thomas has resigned as the company secretary and authorized representative of the Company due to personal reasons with effect from 4 May 2015. The Board further announced that Mr. Yuen Kwok Kuen has been appointed as the company secretary and authorized representative of the Company with effect from 4 May 2015. Mr. Yuen has 16 years of experience in audit, tax, IPO, M&A and corporate services.