The board of directors of Daphne International Holdings Limited announced the changes of chief executive officer and the re-designation of director as follows: Mr. Chen Ying-Chieh, the chairman of the Board, the chief executive officer and an executive director of the Company, has resigned from his position as the chief executive officer and been re-designated as a non-executive director of the Company with effect from 16 April 2016. Mr. Chen will remain as the chairman of the Board, a member of the Nomination Committee and the Remuneration Committee. With such arrangement, Mr. Chen would be able to dedicate more time on his role as the Chairman in leading the Board and focusing on corporate strategies.

Mr. Chen Ying-Chieh, is responsible for the overall corporate and business strategic planning of the Group. He has been working with the Group since 1992. Mr. Chen does not hold any directorships in other listed public companies in the last three years.

Mr. Chang Chih-Kai is currently an executive director of the Company and has been appointed as the chief executive officer of the Company and a member of the Nomination Committee with effect from 16 April 2016. Mr. Chang has been working with the Group since 2003 and was appointed as an executive director of the Company in November 2004. With more than 10 years of experience in footwear industry, he is mainly responsible for product development and merchandising, as well as general management of the Group.