The board of directors of Bosideng International Holdings Limited announced that with effect from May 15, 2014, Mr. Gao Dekang will cease to act as the chief executive officer of the company and Dr. Liang Sheuh-Hvei will take up the role as the chief executive officer of the company. Mr. Gao Dekang will remain as the chairman and executive director, and is principally responsible for the overall strategic development of the company and its subsidiaries and to make important decisions regarding the Group's business. Dr. Liang Sheuh-Hvei will be principally responsible for the daily operational management of the Group.

Prior to joining the company, Dr. Liang Sheuh-Hvei was the chief strategy officer of Daphne International Holdings Ltd. and the chief operating officer of Goodbaby International Holdings Ltd. The board announced that Dr. Kong Shengyuan has tendered his resignation as an executive director with effect from May 15, 2014 due to family matters. Dr. Kong Shengyuan will remain as the senior consultant of the company, continue to offer valuable investment advice to the Group.