The board of directors of China National Culture Group Limited announced that Mr. Wong Wai Kong Terry has resigned as Chief Executive Officer of the company with effect from May 21, 2014 for the reason of his other business commitments. However, the company has only formally received the written resignation letter from Mr. Wong on March 30, 2015 confirming he has no disagreement with the Board and there are no matters that need to be brought to the attention of the shareholders of the company in relation of his resignation.