Exceed Company Ltd. announced that the board of directors has appointed Mr. Pang Xiaozhong as an independent non-executive director, and Mr. Ding Dongdong as an executive director, both effective August 12, 2013. Mr. Pang has also been appointed by the Board as a member of the Board's audit committee, compensation committee and nomination committee. Mr. Pang Xiaozhong is the former director of the research and development department of the Institute of Sports Science under the General Administration of Sport in China. Mr. Pang has been working in the sports science area and dedicating to the promotion of sports science in China for over 30 years. Mr. Ding Dongdong is Executive Senior Vice President. He is primarily responsible for the design, research and development of footwear and apparel. Mr. Ding joined in September 2001. He was the development manager of the apparel department of Fujian Xidelong Sports Goods Co., Ltd, Exceed's PRC subsidiary, from 2002 to 2003,
where he was responsible for data collection, apparel design, processing and production, quality control and after-sales of the apparel department.