The board of directors of Opes Asia Development Limited announced the following changes to the composition of the Board, the Audit Committee, the Nomination Committee and the Remuneration Committee: Mr. Choi Chiu Ming, Jimmy has resigned as a non-executive director of the company with effect from May 6, 2014 due to his other personal and business commitments which require his more attention. Mr. Ku Siu Fun, Alex has resigned as an independent non-executive director of the company, the chairman of the Audit Committee and the Nomination Committee and a member of the Remuneration Committee, all with effect from May 7, 2014 due to his other personal and business commitments which require his more attention. Mr. Tam Yuk Sang, Sammy, an independent non-executive director of the company, has been appointed as the chairman of the Audit Committee with effect from May 7, 2014.

Dr. Ng Chi Yeung, Simon, an independent non-executive director of the company, has been appointed as the chairman of the Nomination Committee and a member of the Remuneration Committee with effect from May 7, 2014.