The board of directors of Baofeng Modern International Holdings Company Limited announced that Mr. Sze Ching Bor has resigned as non-executive director with effect from January 7, 2016 as he wants to spend more time with his family. The Board announced that Ms. Lin Weihuan has been appointed as non-executive director with effect from January 7, 2016. Ms. Lin has over five years of experience in accounting.

She is now the sole director and sole shareholder of Total Shine Investments Limited. The Board of Directors of the company announced that Mr. Kwok Chi Yin has tendered his resignation as the company secretary and the authorized representative of the company for accepting service of process and notices on its behalf in Hong Kong under the Companies Ordinance (Chapter 622 of the Laws of Hong Kong) with effect from January 7, 2016. The Board announced that Mr. Tsang Wing Pong has been appointed as the company secretary and the authorized representative of the company for accepting service of process and notices on its behalf in Hong Kong under the Companies Ordinance with effect from January 7, 2016.

Mr. Tsang, aged 29, has been appointed as the financial controller of the company since February 2015. Mr. Tsang has over seven years of experience in auditing, finance and accounting.