The board of directors of China Baoli Technologies Holdings Limited announced that Mr. Chen Domingo has resigned as an executive Director and ceased to be a member of the remuneration committee of the company with effect from 15 October 2016 due to his other business engagements and commitments. Mr. Chen has confirmed that he has no disagreement with the Board and there are no other matters regarding his resignation that need to be brought to the attention of the shareholders of the company. The Board announced that, with effect from 15 October 2016: Mr. Chen has ceased to be a member of the Remuneration Committee; Mr. Yeung Chun Wai, Anthony, an executive Director, has been appointed as a member of the Remuneration Committee; Mr. Wong Hoi Kuen, an independent non-executive Director, has ceased to be a member of the Remuneration Committee; and Mr. Lee Chi Ming, an independent non-executive Director, has been appointed as a member of the Remuneration Committee.