The board of directors of Lerado Group (Holding) Company Limited announced that Mrs. Huang Chen Li Chu has resigned as the Executive Director and Vice Chairman of the company with effect from 22 August 2014 due to her personal reasons. The Board announced that Mr. Huang Shen Kai has been appointed as the new Executive Director of the company with effect from 22 August 2014. Mr. Huang joined the group since March 2005.

Mr. Huang is responsible for the group's management and business development in the PRC market.