The board of directors of Tian An China Investments Company Limited announced that: Mr. Francis J. Chang Chu Fai ("Mr. Chang") has notified the Board of his decision to retire as an Independent Non-Executive Director by rotation at the forthcoming Annual General Meeting of the Company (the "AGM"), and to not offer himself for re-election in order to devote more time to pursue other interests in accordance with his personal retirement plan. With effect from the retirement at the conclusion of the AGM, Mr. Chang will also cease to be the chairman of the remuneration committee and a member of each of the audit committee and nomination committee of the Company; Mr. Jin Hui Zhi ("Mr. Jin") has notified the Board of his decision to retire as an Independent Non-Executive Director by rotation at the forthcoming AGM, and to not offer himself for re- election in order to devote more time to pursue other interests in accordance with his personal retirement plan. With effect from the retirement at the conclusion of the AGM, Mr. Jin will also cease to be a member of each of the remuneration committee, audit committee and nomination committee of the Company; and Mr. Ngai Wah Sang, an Independent Non-Executive Director of the Company, will be appointed as the chairman of the remuneration committee of the Company with effect from the conclusion of the AGM.