Royale Furniture Holdings Limited announced that Mr. Chen Hao (Mr. Chen) has been appointed as an executive director of the company with effect from April 1, 2014. Mr. Chen joined the main subsidiary of the company in China during 2000 and was responsible for the marketing and manufacturing operation of the company's major subsidiaries in China. He has extensive experience in enterprise management mainly focusing in marketing and manufacturing. Mr. Chen, as a director appointed by the Board, will hold office as a director until the next general meeting of the company. Mr. Chen will then be eligible for re-election and subject to retirement by rotation and re-election at the subsequent annual general meetings of the company pursuant to the company's Bye-laws. The Board further announced that Mr. Ma Gary Ming Fai (Mr. Ma) has been appointed as an non-executive
director of the company with effect from April 1, 2014. Mr. Ma was the Chief Executive Officer and executive director of the company for the period from August 27, 2005 to July 31, 2012. Mr. Ma is currently the chairman and a significant shareholder of Dyxnet.com. Mr. Ma, as a director appointed by the Board, will hold office as a director until the next general meeting of the company. Mr. Ma will then be eligible for re-election and subject to retirement by rotation and re-election at the subsequent annual general meetings of the Company pursuant to the company's Bye-laws.