The board of directors of Chinese Food and Beverage Group Limited announced that Mr. Mok Tsan San has been redesignated from an independent non-executive director to an executive director of the company with effect from 1 April 2014. Mr. Mok, aged 43, joined the Group on 1 December 2013 as an independent non-executive Director, a member of each of the audit committee, the remuneration committee and the nomination committee of the company. Mr. Mok is the managing director of Capital Union Investments Limited, where he has over 11 years of solid operation experiences in the areas of online education and payment solutions.

The Board also announced that Mr. So David Tat Man has been appointed as a non-executive director of the company with effect from 1 April 2014. Mr. So, aged 29, is a professional member of The Royal Institution of Chartered Surveyors. Mr. So is currently an executive director of China Eco-Farming Limited.

Following the redesignation, Mr. Mok has simultaneously ceased to be a member of the Audit Committee, Nomination Committee and Remuneration Committee with effect from 1 April 2014. The Board announced that Mr. So, a non-executive director of the company, has been appointed as a member of the Nomination Committee and Remuneration Committee with effect from 1 April 2014.