Board of Directors' Meeting No. 1/2015 of Asia Corporate Development Public Company Limited (the Company), which was convened on 29 January 2015 approved the change of the company's Managing Director from Mr. Prateep Anantachote to Mr. Sanan Siripanichsutha, which will be effective on 31 January 2015. As Mr. Prateep Anantachote now has other responsibilities which require his attention; and acknowledged the resignation of Mr. Somkiat Pimoldanon from being an independent director and Chairman of the Audit Committee, which will be effective on 31 January 2015, until the Board of Directors is able to select and appoint another person to act as the independent director and Chairman of the Audit Committee.