The Board of directors of Zhuguang Holdings Group Company Limited announced that with effect from December 12, 2013, Mr. Liao Tengjia resigned as the chairman of the Board due to re-allocation of responsibilities amongst members of the Board but Mr. Liao will remain as an executive Director. The Board announced that Mr. Chu Hing Tsung, an executive Director and the chief executive officer of the company, has been re-designated from the deputy chairman of the board to the chairman of the Board with effect from December 12, 2013.