Global Corn Group Limited — Board/Management Information 2015

Dec 24, 2015

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

GLOBAL SWEETENERS HOLDINGS LIMITED 大成糖業控股有限公司[*]

(incorporated in the Cayman Islands with limited liability)

(Stock Code: 03889)

RESIGNATION OF DIRECTOR

The Board (the “ Board ”) of directors (the “ Directors ”) of Global Sweeteners Holdings Limited (the “ Company ”, together with its subsidiaries, the “ Group ”) announces that Mr. Chan Yuk Tong (“ Mr. Chan ”) has resigned as an independent non-executive Director with effect from 24 December 2015 due to his wish to focus on other business and personal affairs. Following his resignation as an independent non-executive Director, Mr. Chan also ceased to act as a member and the chairman of the audit committee, a member and the chairman of the corporate governance committee and a member of the continuing connected transactions supervisory committee.

Mr. Chan has confirmed that he has no disagreement with the Board and there is no matter that needs to be brought to the attention of the shareholders of the Company in connection with his resignation.

Upon the resignation of Mr. Chan, the Company only has two independent non-executive directors and two members of the audit committee which falls below the minimum number required under Rule 3.10(1) and Rule 3.21 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “ Listing Rules ”) and the chairman of the audit committee is yet to be appointed as required under Rule 3.21 of the Listing Rules. The Company is actively identifying suitable candidate for appointment as independent non-executive director so as to meet the minimum number required under Rule 3.10(1) and Rule 3.21 of the Listing Rules and shall appoint an independent non-executive director as the chairman of audit committee as required under Rule 3.21 of the Listing Rules within three months from 24 December 2015 as required under Rule 3.11 and Rule 3.23 of the Listing Rules.

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The Board would like to express its gratitude to Mr. Chan for his valuable contributions to the Company during the tenure of his office.

By order of the Board Global Sweeteners Holdings Limited Lee Chi Yung

Company Secretary

Hong Kong, 24 December 2015

As at the date of this announcement, the Board comprises two executive Directors, namely Mr. Wang Jian and Mr. Kong Zhanpeng; two non-executive Directors, namely Mr. Fu Qiang and Ms. Zhang Yaohui and two independent non-executive Directors, namely Mr. Ho Lic Ki and Mr. Lo Kwing Yu.

• for identification purpose only

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