The Board of Directors of Goldlion Holdings Limited has confirmed with Dr. Wong Ying Ho, Kennedy, a non-executive Director that on 1 August 2015, he was charged by the Independent Commission Against Corruption with offering an advantage to an agent over the restructuring of Ocean Grand Chemicals Holdings Limited (which subsequently changed its name to Hong Kong Resources Holdings Company Limited), of which the agent was an executive director. In addition, Dr. Wong was also charged with bribing the agent with a share option to subscribe for shares in HKRH in connection with the acquisition by HKRH of certain subsidiaries of the then listed 3D-GOLD Jewellery Holdings Limited. Dr. Wong has tendered his resignation as a non-executive Director and a member of the audit committee of the company with effect from 3 August 2015 as he may need to spend more time and effort on matters relating to the above charges and accordingly, he cannot devote sufficient time and effort to the company.

The charges against Dr. Wong are totally not related to and have no impact on the business of the Company. The Company continues its daily operations as usual.