The Board of Directors of China Outfitters Holdings Limited announced that Mr. Wang Jianshang has tendered his resignation as the Chief Operating Officer of the Company with effect from 31 July 2014 due to health and personal reasons. Mr. Wang has confirmed that he has no disagreement with the Board and there is no matter necessary to be brought to the attention of the shareholders of the Company or The Stock Exchange of Hong Kong Limited in respect of his resignation.