The board of directors of Carrianna Group Holdings Company Limited announced that, with effect from January 1, 2014, Mr. Ma Kai Cheung has been
appointed as Honorary Chairman of the company and re-designated as non-executive director of the board, and has relinquished his roles as chairman of the Board and Chairman of the Nomination Committee. The Board also announced that, with effect from January 1, 2014, Mr. Ma Kai Yum has been appointed as Chairman of the Board and Chairman of the Nomination Committee. As Chairman of the Board, Mr. Ma will provide leadership to the Board and will be responsible for business strategy and management of the company. Mr. Ma is a co-founder of the company's business and has served as Vice Chairman and executive director of the Board since 1991.