The board of directors of Brilliant Circle Holdings International Limited announced that Mr. Peng Guoyi has been appointed as an executive Director with effect from 22 July 2015; and Ms. Li Li has been appointed as a non-executive Director with effect from 22 July 2015. Mr. Peng, aged 52, has been serving the Group as the Vice President of the Group and the General Manager of Shenzhen Kecai Printing Co., Limited Co. Ltd. She is also a director of certain subsidiaries of the Masterwork Group and Tianjin Ming Xuan Investment Limited Company.

The company also announced that Mr. Kiong Chung Yin, Yttox resigned as an executive Director with effect from 22 July 2015 as he decided to achieve his other personal goal and Mr. Sean Xing He resigned as a non-executive Director with effect from 22 July 2015 as he has other business commitment. Following the resignation of Mr. Kiong and Mr. He, (i) Mr. Peng has been appointed as a member of the Remuneration Committee with effect from 22 July 2015; and (ii) Ms. Li has been appointed as a member of the audit committee of the Board (the "Audit Committee"), he nomination committee of the Board (the "Nomination Committee") and the Remuneration Committee with effect from 22 July 2015. Following the resignation of Mr. Kiong, the authorized representatives have been changed from Mr. Kiong and Mr. Chung Tat Hung to Mr. Peng and Mr. Chung Tat Hung with effect from 22 July 2015.