The board of directors of Lerado Financial Group Company Limited announced that Mr. Huang Ying Yuan has resigned as the chairman, the chief executive officer, the chairman of nomination committee and a member of remuneration committee of the company with effect from April 1, 2016 as he would like to devote more time to his personal commitments. Mr. Huang has been appointed as the honorary Chairman and will remain as an executive Director and a director of certain subsidiaries of the company. The Board announced that Mr. Mak Kwong Yiu has been appointed as an executive Director, the Chairman, the Chief Executive Officer, chairman of Nomination Committee and member of Remuneration Committee with effect from April 1, 2016.

Mr. Mak is currently an independent non-executive director of GR Properties Limited. He was previously an executive director and the group chief executive officer of Convoy Financial Holdings Limited between 16 March 2010 and 31 March 2016, and also an executive director of Interactive Entertainment China Cultural Technology Investments Limited between 30 July 2008 and 28 April 2014. He was also an independent non-executive Director between 25 April 2014 and 2 November 2015, therefore he is familiar with the culture and operations of the company.

The Board also announced that Mr. Hsu Hong Te has been appointed as the independent non- executive Director, a member of Nomination Committee, Remuneration Committee and audit committee of the company with effect from 1 April 2016. Mr. Hsu is currently the chairman of Affluent Jade Limited, and previously acted as Global Market Analyst of Elite Wealth Partners LLC, Research Manager of Hua Nan Securities Co. Ltd., Investment Manager of SinoPac Venture Capital Co.

Ltd. and Investment Manager of Ruentex Group. Mr. Hsu has extensive experience in the field of corporate financing and penetrative sense in analyzing the financial market.