The board of directors of Herald Holdings Limited announced with deepest regret that Mr. Chang Dong Song, a non-executive director of the company, passed away on August 22, 2012. Mr. Chang was the co-founder of the group and served as Honorary Chairman of the Company from April 9, 2010 to August 22, 2012. Mr. Chang served as Director of the company for the period from 1992 to August 22, 2012.