Directorate Change

HaiKe Chemical Group Limited

Directorate Change

HaiKe Chemical Group Ltd. (the "Company" or "HaiKe"), the AIM quoted (AIM: HAIK) specialty chemical company based in Shandong Province, China, announces George Zeng has decided to step down from the Board for personal reasons and, on 18 July 2016, resigned as Chief Financial Officer of HaiKe with immediate effect.

The Board has initiated a comprehensive search for a new Chief Financial Officer, who would be expected to join at Board level, and a further announcement will be made in due course.

Trading Update

The Company also provides an update on trading for the six month period ended 30 June 2016. The improved performance, highlighted in the 2015 Final Results on 31 May 2016, has continued, and for the six months ended 30 June 2016, the Company delivered unaudited revenue and net profit of CNY526.9 million (CNY727.9 million in the same period of 2015) and CNY11.4 million (CNY3.0 million in the same period of 2015) respectively.

Mr. Xiaohong Yang, Executive Chairman, said:

"On behalf of the Board, I would like to sincerely thank George for his commitment and outstanding contribution to the business over the last five years. We wish him and his family well for the future."

This announcement contains inside information.