The board of directors of Zhidao International (Holdings) Limited announced that Mr. Mung Hing Choy has tendered his resignation as the executive director and chairman of the company with effect from 1 December 2013 due to his commitment in his own business which requires more of his dedication. The Board announced that Mr. Tung Yee Shing has been appointed as the executive director and chairman of the company with effect from 1 December 2013. Mr. Tung, aged 39, has extensive professional and management experience in finance and accounting, mergers and acquisitions and strategic planning.

Mr. Tung is currently a consultant to the company and the company secretary of Taung Gold International Limited.