The board of directors of Clear Media Limited announced that it has received a letter of resignation dated February 3, 2016 from Mr. Desmond Murray pursuant to which Mr. Murray tendered his resignations as an independent non-executive director of the company, the chairman of the audit committee and the remuneration committee and a member of the nomination committee of the company to be effective on a date as mutually agreed between the company and Mr. Murray, but in any event on a date no later than August 31, 2016, to pursue his personal interests. Prior to the Effective D ate, Mr. Murray shall continue to perform his duties as an independent non-executive director of the company.