Halcyon Agri Corporation Limited announced that following the re-designation of Mr. Sun Weiliang from a Non-Executive Director to the Executive Director and Chief Executive Officer of the Company, Mr. Sun ceases as a member of the Audit Committee of the Company. Mr. Sun is in charge of formulating and executing the business strategy of the Group, and of overseeing its day-to-day management. Mr. Sun does not have any familial relationship with any director and/or substantial shareholder of the Company.

He is nominated by the Company's substantial shareholder, China Rubber Investment Group Co., Ltd, a wholly-owned subsidiary of China Hainan Rubber Industry Co. Ltd., to be the Executive Director and CEO of the Company. Other Directorships Past: HSF Finance Co.

Ltd. and HSF Financial Holding Co. Ltd. Other DirectorShips Present: CRIG and HSF International Capital (HK) Co., Limited.