The board of directors of Shanghai Prime Machinery Company Limited announced that the Board has established the risk management committee with effect from 18 March 2016. The Risk Management Committee shall comprise five members, all of whom are Directors, and not less than one third of the members shall be independent non-executive Directors. The Board has appointed Zhou Zhiyan, Zhang Jianping, Zhu Xi, Chan Oi Fat, and Ling Hong as the members of the Risk Management Committee.

Zhou Zhiyan has also been appointed as the Chairman of the Risk Management Committee.