The board of directors of Modern Media Holdings Limited announced that Mr. Li Jian was re-designated from an executive Director to a non-executive Director with effect from July 15, 2015 due to his decision to focus on personal development. Mr. Li ceased to be the chief operation officer of the Group with effect from the Re-designation Date. Mr. Li, aged 47, the then chief operation officer of the Group was then responsible for the formulation and execution of the advertising sales strategies as well as the publication management of the Group.

Mr. Li joined the Group in May 1999 and was promoted to be the chief operation officer of the Group in July 2006. He was subsequently appointed as an executive Director in July 2009.