The board of directors of Asian Capital Resources (Holdings) Limited announced that at the annual general meeting of the company held on 23 May 2014, approved Mr. Lo Mun Lam, Raymond has ceased to be an non-executive Director upon his retirement by rotation from the Board at the Annual General Meeting as he will devote more time to his professional services and providing advices on corporate social responsibility. He has accepted the appointment as the Company Secretary of the Company and will stay as director of various subsidiaries. Mr. Lam Ting Lok resigned as the company secretary and authorized representative of the Company on 23 May 2014.

Upon Mr. Lam's resignation as the company secretary of the Company, Mr. Lo Mun Lam, Raymond has been appointed as the company secretary of the Company with effect from 23 May 2014. Mr. Xie Xuan has been appointed as the Company's authorized representative in replacement of Mr. Lam and member of the nomination committee in replacement of Mr. Lo's vacancy with effect from 23 May 2014.