The board of directors of Silverman Holdings Limited announced that (i) Mr. Liu Dong has resigned from his position as the chief executive officer of the company with effect from 1 April 2015, but remains as the chairman of the Board and an executive Director; and (ii) Mr. Liu Zongjun, an executive Director and vice president of administration of the company, has been appointed as the Chief Executive Officer with effect from 1 April 2015.