Citing Health Reasons, Qi Xingli Resigns from China Hongqiao

The board of directors of China Hongqiao Group Limited announces that Qi Xingli will resign as an Executive Director and Chief Financial Officer of the company with effect from 1 September 2014 due to health reasons.

Qi has been working for the company since 2010. He was appointed CFO of the company on January 2011.

Qi has confirmed to the company that he has no disagreement with the Board and there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the company.

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