Acorn International, Inc. announced that at the extraordinary general meeting of shareholders held on May 4, 2015. Shareholders voted for the proposals to remove Mr. Don Dongjie Yang, Mr. Charlie Shiqiang Ban, Mr. Steve Xiaodi Sun, and Mr. Liang Lu as directors of the company. The shareholders elected Mr. David Leung, Mr. Cosimo Borrelli, and Mr. David Naphtali as directors of the company.

Effective as of May 4, 2015. The company also announced that, immediately following the EGM, its board of directors appointed Mr. Robert W. Roche to replace Mr. Don Dongjie Yang as the executive chairman and chief executive officer of the company, and appointed Mr. Cosimo Borrelli and Mr. David Leung as members of the audit committee to fill the vacancies left by Mr. Steve Xiaodi Sun and Mr. Liang Lu.