On November 23, 2015, Vashion Group Ltd. announced the appointment of Mr. Jacob Leung Kwok Kuen as a Non-Executive Non-Independent Director of the company and a member of Nominating Committee with effect from November 23, 2015. Mr. Khoo Yick Wai has resigned as an Executive Director and Chief Executive Officer of the company, a member of Nominating Committee with effect from November 23, 2015. Mr. Tansri Saridju Benui @ Chen Bing Wen has resigned as Executive Director and Chairman of the company, with effect from November 23, 2015.

Mr. Chan Siew Wei, the Lead Independent Director of the company, has been re-designated as Chairman of the company, with effect from November 23, 2015. Mr. Chan Siew Wei remains as the Lead Independent Director, Chairman of Audit Committee, Remuneration Committee and Nominating Committee.