Goodbaby International Holdings Limited announced that Mr. Long Yongtu has resigned as an independent non-executive director, and a member of each of the audit committee, the remuneration committee and the nomination committee of the company. Ms. Chiang Yun, an existing non-executive director, has been appointed as a member of the audit comittee, the remuneration committee and the nomination committee of the company in place of Mr. Long with effect from 18 March 2014 and Mr. Martin Pos and Mr. Michael Nan Qu have been appointed as executive directors of the company. Mr. Long has confirmed that he has no disagreement with the Board in relation to his resignation as the independent non-executive director of the company. Ms. Chiang Yun is currently a non-executive director of the company. The Board proposed to the shareholders of the company to approve the re-designation of Ms. Chiang from a non-executive director to an independent non-executive director of the company at the annual general meeting of the company to be held on 23 May 2014. Mr. POS was appointed as an executive Director of the company on 18 March 2014. Mr. Pos is primarily responsible for the management of the company's Portfolio of Global Brands. Mr. Pos is currently a director of Columbus Holding GmbH (Germany), Cybex Industrial Ltd. (Hong Kong) and Cybex GmbH (Germany). Mr. Qu was the Group's vice president primarily responsible for managing key overseas accounts and strategic overseas resources of the Group from 1994 to 2014. Mr. Qu joined the Group in 1994 and he is one of founding
members of the overseas business of the Group. Mr. Qu will hold the office until the forthcoming annual general meeting of the company and is subject to retirement by rotation and re-election at the annual general meeting of the company.