The board of directors of Global Digital Creations Holdings Limited announced that, with effect from 27 March 2013, Mr. Chen Zheng has been re-designated from his position as Managing Director of the company to Chief Executive Officer of the company; and Mr. Jin Guo Ping has been re-designated from his position as Deputy Managing Director of the company to Vice President of the company. Each of Mr. Chen and Mr. Jin remains as an Executive Director of the company before and after the above-mentioned re-designation. Mr. Chen has entered into a service contract with a wholly-owned subsidiary of the company for a term of three years commencing on 1 January 2011 unless terminated by at least one month's notice in writing served by either party prior to the expiry of the term.

Pursuant to the service contract, Mr. Chen is subject to retirement by rotation and re-election at the annual general meeting of the company in accordance with the bye-laws of the company. Mr. Jin has entered into a service contract with a wholly-owned subsidiary of the company for a term of three years commencing on 1 January 2011 unless terminated by at least one month's notice in writing served by either party prior to the expiry of the term. Pursuant to the service contract, Mr. Jin is subject to retirement by rotation and re-election at the annual general meeting of the company in accordance with the bye-laws of the company.