References are made to the announcements of Clear Media Limited dated: (i) 3 February 2016 regarding the resignation of Mr. Desmond Murray as an independent non-executive director of the Company (INED), as the chairman of each of the audit committee of the Company and the remuneration committee of the Company, and as a member of the nomination committee of the Company, to be effective on the date as mutually agreed between the Company and Mr. Murray; and (ii) 27 May 2016 regarding the relinquishment of Mr. Murray's position as chairman of the Remuneration Committee with effect from 1 July 2016. The effective date of Mr. Murray's resignation as an INED, as chairman of the Audit Committee, and as a member of each of the Audit Committee, the Remuneration Committee and the Nomination Committee, will be 9 August 2016. The Board announced that Mr. Robert Gazzi has been appointed as an INED, chairman of the Audit Committee and a member of the Nomination Committee with effect from 9 August 2016. Mr. Gazzi, aged 62, was a partner with PricewaterhouseCoopers in Hong Kong for over 20 years and was subsequently a Senior Advisor with the firm. Currently, Mr. Gazzi holds a number of directorships in privately-held companies and key positions in a number of organizations. Mr. Gazzi is an independent non-executive director of FWD Life Insurance Company (Bermuda) Limited and QBE General Insurance (Hong Kong) Limited. He is also a Trustee of Indochina Starfish Foundation.