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. ERNEST BOREL HOLDINGS LIMITED 依波路控股有限公司 (Incorporated in the Cayman Islands with limited liability) (Stock Code: 1856) CHANGE OF INDEPENDENT NON-EXECUTIVE DIRECTOR AND COMMITTEE MEMBERS The board of directors (the ‘‘Board’’) of Ernest Borel Holdings Limited (the ‘‘Company’’) announces that Mr. Zhang Huaqiao (‘‘Mr. Zhang’’) has tendered his resignation as an independent non-executive director of the Company and a member of each of the audit committee, remuneration committee and nomination committee of the Company due to his wish to focus on his other business commitments and Dr. Yau Bun (‘‘Dr. Yau’’) has been appointed as an independent non-executive director of the Company and a member of each of the audit committee, remuneration committee and nomination committee of the Company, all with effect from 10 November 2014. Mr. Zhang has confirmed that he has no disagreement with the Board and there are no matters with regard to his resignation which need to be brought to the attention of the shareholders of the Company. Dr. Yau, aged 49, is and has been the chief executive officer of Objective Solutions Limited (達成系統有限公司) (formerly known as Objective Management Consulting (達成專業顧問)) since September 1989. Dr. Yau is actively involved in enterprise resource planning system, particularly in the application of such system in the jewelry industry. Dr. Yau graduated from the University of South Australia with a doctoral degree in business administration in September 2003, received his masters degree in business administration from University of Leicester in July 1993, and obtained a post-graduate diploma in marketing from the Chartered Institute of Marketing in December 1999. Dr. Yau will enter into a letter of appointment with the Company for his appointment as an independent non-executive director for a term of three years from the date of his appointment. Dr. Yau will be entitled to a remuneration of HK$100,000 per annum, which was determined by the Board with reference to the prevailing market situation and his experience, duties and responsibility with the Company. –1– As at the date of this announcement, Dr. Yau is not interested or deemed to be interested in any shares or underlying shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571, the Laws of Hong Kong). Save as disclosed above, as at the date of this announcement, Dr. Yau did not hold any office of directorships in other listed public companies in the last three years other than that of the Company, and he has no other relationship with any of the directors, senior management or substantial shareholders or controlling shareholders of the Company. There are no other matters concerning Dr. Yau that are required to be disclosed under rule 13.51(2) of the Rules Governing The Listing of Securities on The Stock Exchange of Hong Kong Limited or that need to be brought to the attention of the shareholders of the Company. The Board would like to take this opportunity to express its gratitude to Mr. Zhang for his valuable contribution to the Company during his tenure and also express its warm welcome to Dr. Yau on his appointment. By order of the Board of Ernest Borel Holdings Limited Su Da Chairman Hong Kong, 10 November 2014 As at the date of this announcement, the directors of the Company are: Executive directors: Mr. Su Da, Mr. Wong Pong Chun James, Ms. Liu Libing Non-executive directors: Mr. Chan Kwan Pak Gilbert and Mr. Pan Di Independent non-executive directors: Mr. Lo Chi Chiu, Mr. Cheung Kam Min Mickey and Dr. Yau Bun –2–