The board of directors of China Overseas Grand Oceans Group Limited announced the following changes in composition of the Board committees of the company with effect from 17 March 2016: Mr. Hao Jian Min, the chairman and a non-executive director of the company, will cease to be the chairman of the nomination committee of the company and a member of the remuneration committee of the company; Mr. Lo Yiu Ching, Dantes, an independent non-executive director of the company, will be appointed as the chairman of the nomination committee of the company; and Mr. Zhang Guiqing, an executive director and the chief executive officer of the company, will be appointed as a member of the nomination committee and the remuneration committee of the company.