The board of directors of Vision Fame International Holding Limited announced that: Mr. Kwan Ngai Kit has been appointed as an executive Director with effect from 28 February 2015; and Mr. Gavin Xing has tendered his resignation as an executive Director and the chief executive officer with effect from 28 February 2015 due to the plan of pursuing his personal career development. Mr. Kwan joined the Company in June 2014 and is currently the chief financial officer and the company secretary of the company. Mr. Kwan also serves as a director of certain subsidiaries of the company.

Mr. Kwan has over 10 years' experience in auditing. He was a senior manager in assurance department of Ernst & Young prior to joining the company. Mr. Hu Baoyue, an executive Director of the company has been appointed as the acting CEO of the company with effect from 28 February 2015.