Tenfu (Cayman) Holdings Company Limited announced Mr. Fan Ren Da, Anthony has been re-designated from an independent non-executive Director to an executive Director and he has resigned as the chairman of the Remuneration Committee and a member of each of the Audit Committee and the Nomination Committee; Mr. Zhang Honghai has been appointed as an executive Director; and Dr. Huang Wei has been appointed as an independent non-executive Director, the chairman to the Remuneration Committee and a member to each of the Audit Committee and the Nomination Committee. Mr. Zhang Honghai has entered into a service contract with the Company for a term of three years subject to retirement by rotation and re-election at the general meeting of the Company in accordance with the articles of association of the Company. From 1982 to 1996, Mr. Zhang worked with textile purchasing and supply station of Yantai, Shandong province mainly responsible for import and export of textile products. Dr. Huang Wei is the founder and the managing director of Hong Kong Appraisal Advisory Limited and the general manager of Hong Kong branch of China United Assets Appraisal Group.