The board of directors of Lerado Group (Holdings) Company Limited announced that Mr. Lam Chak Man has been appointed as an independent non-executive director, chairman of Audit Committee and Remuneration Committee, and member of Nomination Committee of the company with effect from 16 November 2015. Mr. Lam is a practicing certified public accountant and is currently a director of Grandeur CPA Limited. The Board further announced that Mr. Chan Kam Fuk has resigned as the company secretary of the company with effect from 16 November 2015 as Mr. Chan Kam Fuk has to devote more time on his personal business development.

Following the resignation of Mr. Chan Kam Fuk, Mr. Man Yun Wah has been appointed as the new company secretary of the company with effect from 16 November 2015. Mr. Man Yun Wah is currently an associate member of both the Institute of Chartered Secretaries and Administrators and the Hong Kong Institute of Company Secretaries. The Board further announced that, with effect from 16 November 2015: (i) Mr. Chan Kam Fuk ceased to act as an alternate authorized representative of the company under the Listing Rules; (ii) Mr. Chen Chun Chieh, an executive director of the company, ceased to act as an authorized representative of the company under the Listing Rules but acted as an alternate authorized representative instead; and (iii) Mr. Lai Kin Chung, Kenneth, an executive director of the company, has been appointed as an authorized representative of the company under the Listing Rules in place of Mr. Chen Chun Chieh.