The board of directors of China Fordoo Holdings Limited announced that with effect from August 18, 2015, Mr. Kwok Kin Sun has stepped down from his position as the chief executive officer of the company but will remain as the chairman of the Board and an executive director of the company. Mr. Kwok Hon Fung, currently an executive director of the company and the general manager of the Group, has been appointed as the chief executive officer of the company. Mr. Kwok Hon Fung, has been the general manager of the Group since January 2012 and an executive director of the company since February 2014.

He is responsible for the execution of corporate strategies and the overall management of the daily operations of the Group.