ChineseWorldNet.Com Inc. announced that on April 28, 2014, the company completed the sale of all shares that the company owned in the capital of its subsidiaries to Ningbo International Limited. In connection with the closing of the Share Purchase Agreement, on April 28, 2014, Joe K.F. Tai resigned as President, Chief Executive Officer and a director of the company, Andy S.W. Lam resigned as a director of the company, Kelvin Szeto resigned as Chief Financial Officer and Chief Operating Officer of the company, Gilbert Chan resigned as Senior Vice President, Marketing and Investor Relations of the company and Terry Wong resigned as Financial Expert of the company. In addition, on April 28, 2014, Chi Cheong Liu was appointed as President, Chief Executive Officer, Chief Financial Officer and Secretary of the company.