The Board of Directors of Goldlion Holdings Ltd. announced that Mr. Tsang Wing Hong has been appointed as the company's Deputy Chief Executive Officer effective May 11, 2012. As the DCEO, Mr. Tsang will report to the company's Chief Executive Officer and will assist in discharging executive duties relating to the supervision and management of the company and its subsidiaries day-to-day operations. Mr. Tsang will also make contribution to the enhancement of operational efficiency, business development and strategic planning of the Group. Mr. Tsang has over twenty years' experience in retail management, sales and marketing management, and operational management. Prior to joining the Company, Mr. Tsang spent eight years with the Hong Kong Jockey Club.