Quali-Smart Holdings Limited board announced that Mr. Nelson Tang Yu Ming has tendered his resignation as a non- executive Director with effect from June 22, 2013 in order to dedicate more time to his other businesses and investments. He has also resigned from his position as a member of the corporate governance committee of the Company on the same day. The board of the company announced that Mr. Lawrence Chu Sheng Yu has been appointed as a non-executive Director and a member of the corporate governance committee of the company with effect from June 22, 2013.

Mr. Chu, aged 33, is a Managing Director of BlackPine Private Equity Partners, a member of the Board of Directors of AMTD Asia (Holdings) Limited and a Principal of Shikumen Capital Management (Hong Kong) Limited.