The Board of Modern Media Holdings Limited announced that, all with effect from 11 October 2017, Mr. Wong Shing Fat has resigned as executive Director, CEO, member of Remuneration committee and member of ESG Committee; and Mr. Shao Zhong was appointed as CEO; Dr. Gao Hao was appointed as member of the Remuneration Committee. Mr. SHAO Zhong the founder of Group. Mr. Shao was initially appointed as a Director in March 2007, and was subsequently designated as chairman of the Board and executive Director in July 2009.

Mr. Shao was also the CEO from 1 September 2015 to 1 December 2016. Mr. Shao is responsible for the overall corporate strategies, policy-formulating and instilling corporate philosophy of Group. Prior to founding Group, Mr. Shao was formerly a PRC government official before 1989.