Cong Cong Kocha proposed amendment to the Company's Articles of Association and the appointment of a new Director. In accordance with the Listing Rules of the Hong Kong Stock Exchange Limited, Cong Cong Tea proposed an amendment to the Company's Articles of Association to reflect changes in share capital after capitalization and to bring the Articles of Association more in line with the Internal Affairs Management and Listing Rules. The amendment is subject to the approval of a special resolution at the annual general meeting. IN ADDITION, THE COMPANY NOMINATED DR. YANG KEK QUAN AND MR. CHU SHIN-CHUNG AS INDEPENDENT NON-EXECUTIVE DIRECTOR AND NON-EXECUTIVE DIRECTOR CANDIDATES, RESPECTIVELY, PENDING SHAREHOLDER APPROVAL AT THE ANNUAL GENERAL MEETING...Show More

Cong Cong Kocha proposed amendment to the Company's Articles of Association and the appointment of a new Director. In accordance with the Listing Rules of the Hong Kong Stock Exchange Limited, Cong Cong Tea proposed an amendment to the Company's Articles of Association to reflect changes in share capital after capitalization and to bring the Articles of Association more in line with the Internal Affairs Management and Listing Rules. The amendment is subject to the approval of a special resolution at the annual general meeting. IN ADDITION, THE COMPANY NOMINATED DR. YANG KEK QUAN AND MR. CHU SHIN-CHUNG AS INDEPENDENT NON-EXECUTIVE DIRECTOR AND NON-EXECUTIVE DIRECTOR CANDIDATES, RESPECTIVELY, PENDING SHAREHOLDER APPROVAL AT THE ANNUAL GENERAL MEETING. Dr. Yang has extensive experience in business administration and financial management, while Mr. Zhou has extensive experience in the consumer goods and investment industries. The terms of office of the two candidates will run from the date of approval of the Annual General Meeting until the third term of the Board of Directors expires. The specific date of the Annual General Meeting will be announced separately.