The board of directors of Leyou Technologies Holdings Limited announced that with effect from July 25, 2015, Mr. Lin Qinglin has resigned as Chief Executive Officer of the company; and Mr. Wang Haitong has been appointed as Chief Executive Officer of the Company. Mr. Lin will remain as an executive Director and the Chairman of the Board. Before joining the Company, Mr. Wang held a number of senior investment roles at PAG, Goldman Sachs, and Mount Kellett Capital.

Prior to his investment career, Mr. Wang held senior managerial roles in fixed income division at the Royal Bank of Scotland and UBS. He has extensive experience in investments, corporate finance, and business development. The Board also announced that with effect from July 25, 2015, Mr. Daniel Moran Kelly has been appointed as Executive Vice President of the company.

Mr. Kelly will implement the development strategy of video game development business of the Company. Prior to this, Mr. Kelly was CEO of Bleacher Report, a top sports website which was successfully sold to Turner Broadcasting in 2012. As Senior Vice President for games publisher THQ Inc., Mr. Kelly was responsible for building the company's portfolio of original IPs and expanding the internal studio network.

As an executive with The Walt Disney Company, he held several management positions in the Consumer Products division. While head of business development and licensing for Disney Interactive, Mr. Kelly was responsible for negotiating the ground-breaking relationship with Square-Enix for the hugely successful Kingdom Hearts. He also served as President of Marketing and Distribution for the award winning television production company Cartoon Pizza, a spin-off from The Walt Disney Company.