The board of directors of Lerado Group (Holding) Company Limited announced that Mr. Lai Kin Chung, Kenneth has been appointed as a new executive director and a member of Remuneration Committee of the company with effect from 15 December 2014. Mr. Lai, aged 44, has over 20 years of solid investment background specializing in property investment, social service, and technology sectors in Taiwan and the PRC. From September 2013 to August 2014, he worked in a fund management company specialized in portfolio management and risk management.

The Board of the company announced that Mr. Lim Pat Wah Patrick has resigned as an independent non-executive director, a chairperson of Audit Committee and a member of Nomination Committee and Remuneration Committee of the company with effect from 31 December 2014 as he would like to devote more time to his personal commitments. The Board announced that Mr. Ye Jianxin has been appointed as an independent non-executive director and a member of each of the Audit Committee, the Nomination Committee and the Remuneration Committee of the company with effect from 15 December 2014. Mr. Ye, aged 61, has over 3 decades of experience acting as department head and general manager in different companies engaging in sales and marketing.