The Board of Eagle Legend Asia Limited announced that Mr. So Chung, Miss. So Man and Miss. So Wai resigned as executive Directors; Mr. Lam Woon Kun resigned as non-executive Director; and Ms. Lo Miu Sheung Betty, Mr. Ho Gar Lok and Mr. Lam Cheung Shing, Richard resigned as independent non-executive Directors with effect from 23 December 2014.

Mr. So Chung also resigned as chairman of the Board with effect from 23 December 2014. The Board announced that Mr. Zeng Li and Mr. Winerthan Chiu have been appointed as executive Directors; Mr. Wu Bang Xing and Mr. Chan Ka Lun have been appointed as non-executive Directors; and Mr. Wan Tze Fan Terence, Mr. Tsui Robert Che Kwong and Ms. Yang Yan Tung Doris have been appointed as independent non- executive Directors with effect from 22 December 2014. Mr. Zeng Li has also been appointed as chairman of the Board with effect from 23 December 2014.

With effect from 22 December 2014, the composition of the Board committees has been changed as Audit Committee: Mr. Ho Gar Lok has relinquished his position as chairman and Mr. Lam Woon Kun and Ms. Lo Miu Sheung Betty have relinquished their positions as members of the audit committee of the company. Mr. Wan Tze Fan Terence has been appointed as chairman and Mr. Tsui Robert Che Kwong and Ms. Yang Yan Tung Doris have been appointed as members of the audit committee of the company. Remuneration Committee: Ms. Lo Miu Sheung Betty has relinquished her position as chairman and Miss So Man and Mr. Ho Gar Lok have relinquished their positions as members of the remuneration committee of the company.

Ms. Yang Yan Tung Doris has been appointed as chairman and Mr. Wan Tze Fan Terence and Mr. Winerthan Chiu have been appointed as members of the remuneration committee of the company. Nomination Committee: Mr. So Chung has relinquished his position as chairman and Ms. Lo Miu Sheung Betty and Mr. Ho Gar Lok have relinquished their positions as members of the nomination committee of the company. Mr. Zeng Li has been appointed as chairman and Mr. Tsui Robert Che Kwong and Ms. Yang Yan Tung Doris have been appointed as members of the nomination committee of the company.

Mr. So Chung relinquished his position as authorised representative of the company and Mr. Winerthan Chiu has been appointed as authorised representative of the Company with effect from the close of the Offer on 22 December 2014. Mr. Wong Ka Bong remains as an authorised representative of the company. Mr. So Chung and Mr. Lam Woon Kun relinquished their positions as the Process Agents and Mr. Winerthan Chiu has been appointed as the Process Agent of the Company with effect from the close of the Offer on 22 December 2014.