The Board of Directors of Zhidao International (Holdings) Limited announced that at the annual general meeting of the Company held on 30 August 2013, Mr. Chau Shing Yim, David and Mr. Tsoi Tong Hoo, Tony retired by rotation as an executive director and a non-executive Director of the Company respectively in accordance with the Bye-laws of the Company and did not offer themselves for re-election to devote more time to their personal affairs. Consequently, Mr. Chau and Mr. Tsoi ceased to be a director of the Company with effect from the time of conclusion of the annual general meeting on 30 August, 2013. In addition, Mr. Chau also resigned from his office as an authorized representative of the Company and Mr. Tsoi also resigned from his office as a nomination committee member of the Company with effect from 30 August 2013.

The board also announced that Ms. Cheung Oi Chun, an executive director of the Company, is appointed as authorized representative of the Company under the Listing Rules with effect from 30 August 2013. The Board also announces that Mr. Kwok Lap Fung, Beeson, an independent non-executive director of the Company, is appointed as a nomination committee member of the Company with effect from 30 August 2013.