The board of directors of Timeless Software Ltd. announced that with effect from July 17, 2012, Mr. Law Kwai Lam has been reassigned to the position of Consultant to the Chairman, and tendered his resignation as the Company Secretary, Compliance Officer and Authorised Representative of the Company. The Board announced that Ms. Leung Wai Sze has been appointed as the Company Secretary of the Company with effect from July 17, 2012. Ms. Leung is currently the Financial Controller of the Company. She joined the Group in March 2006 and has over 20 years of experience in finance and accounting field. Mr. Fung Chun Pong Louis has been appointed as the Compliance Officer of the Company with effect from 17 July 2012. Mr. Fung is currently an Executive Director, Authorised Representative, and Head of Operations of the Company. He is responsible for the overall operations of the Hong Kong region. Ms. Leung Mei Sheung Eliza has been appointed as the Authorised Representative of the Company with effect from July 17, 2012. Ms. Leung is currently an Executive Director and Administration Director of the Company. She is responsible for the overall administrative management of the Company and special assignments by the CEO.