The board of directors of Lerado Group (Holding) Company Limited announced that Mr. Chern Shyh Feng has resigned as an independent non-executive director, member of the audit committee and nomination committee of the company and chairman of remuneration committee of the company with effect from April 16, 2014 due to his career advancement which requires more of his time and dedication. Mr. Chern has confirmed to the company that he has no disagreement with the board and that there are no matters relating to his resignation that need to be brought to the attention of the
shareholders of the company or The Stock Exchange of Hong Kong Limited.