The board of directors of One Media Group Limited announced that Mr. TAN Hock Seng, Peter has tendered his resignation as an independent non-executive director of the company, the Chairman of the Nomination Committee and a member of the Audit Committee and Remuneration Committee of the company with effect from April 1, 2014. The Board also announced that Mr. Victor YANG has been appointed as an Independent Non-executive Director, the Chairman of the Nomination Committee and a member of the Audit Committee and Remuneration Committee of the company with effect from April 1, 2014. Mr. Victor YANG, aged 68, was a founding partner of Boughton Peterson Yang Anderson, Solicitors, Hong Kong.

Mr. YANG has over 40 years of experience in legal practice primarily in the areas of corporate finance, commercial law, mergers, acquisitions and taxation. He is presently a director and a past governor of the Canadian Chamber of Commerce, a director of the Hong Kong Foundation for UBC Limited and a member of the University of British Columbia, Dean of Law's Council of Advisors. Mr. YANG is also an independent non-executive director of Singamas Container Holdings Limited, China Agri-Industries Holdings Limited and Playmates Toys Limited, all of which are listed companies in Hong Kong.

Mr. YANG will enter into a letter of appointment with the company for a term of three years commencing from April 1, 2014 to and including March 31, 2017 and is subject to retirement by rotation and re-election at the annual general meetings of the company in accordance with the articles of association of the company.