The board of directors of Celestial Asia Securities Holdings Limited announced that Mr. Ng Hin Sing Derek (Mr. Ng) has been promoted and appointed as an executive director of the Company with effect from August 5, 2013. Mr. Ng, aged 45, is appointed as an executive director of the Company in charge of the corporate development and management of retail businesses of the Group. He has extensive experience in the field of retail operation and management business.

Mr. Ng joined the Group in January 1997. Currently, he is the chief executive officer of Pricerite in charge of the Group's retail business division. The Board further announced that Dr. Chan Yau Ching Bob (Dr. Chan) has resigned as an executive director and a deputy chief executive officer of the Company due to his assignment to a new role within the Group with effect from August 5, 2013.

Dr. Chan will be advising the Board for strategic business development of the Group. Dr. Chan confirmed that he has no disagreement with the Board and there is no other matter that needs to be brought to the attention of the shareholders of the Company.