The board of directors of Xinming China Holdings Limited announced that Mr. Chu Kin Wang Peleus has resigned as an independent non-executive Director with effect from 16 August 2021 due to his focus on other business commitments. Mr. Chu also ceased to be the chairman of the audit committee, the chairman of the remuneration committee and a member of the nomination committee. Mr. Chu has confirmed that he has no disagreement with the Board and there is no matter in relation to his resignation that need to be brought to the attention of the shareholders of the Company and The Stock Exchange of Hong Kong Limited. The Board of the Company announced that Mr. Khor Khie Liem Alex (formerly known as Mr. Khor Kee Lin) (``Mr. Khor'') has been appointed as an independent non-executive Director with effect from 16 August 2021. Mr. Khor has also been appointed as the chairman of the audit committee, the chairman of the remuneration committee and a member of the nomination committee to take the place of Mr. Chu. Mr. Khor, aged 53, has accumulated more than 20 years of working experience in the field of finance, capital market, financial reporting and financial compliance services. Mr. Khor has been the founding director of KBS Capital Partners (Singapore) Pte. Ltd. since July 2004.