China Railsmedia Corporation Ltd. announced board changes with effect from January 17, 2014. Mr. TAN Bondy has been appointed as an executive director of the company and the authorized representative of the company; Mr. TSUI Wing Tak has been appointed as an executive director of the company and the authorized representative of the company; Dr. WAN Ho Yuen, Terence has been appointed as an independent non-executive director of the company and member of audit committee of the company; Dr. HU Chung Kuen, David has resigned as an independent non-executive director of the company and members of audit committee, remuneration committee and nomination committee of the company; Mr. HUI Chi Yung has ceased to be the authorized representative of the company; and Mr. WUN Chun Yip has ceased to be the authorized representative of the company. Mr. TAN Bondy is currently the honorary advisor of China National Culture & Arts Co.

Ltd. Mr. TAN is also an overseas investment advisor of China Ruilian Holding Corporation and an investment advisor of Northern Enterprise Group Corporation. Mr. TSUI has over 20 years of experience in corporate finance and accounting and has worked for several companies listed on The Stock Exchange of Hong Kong Limited. Dr. WAN has over 22 years of experiences in corporate finance, advisory, business management and accounting with several professional accounting firms and companies.

Dr. WAN is currently the director of an accounting firm based in Hong Kong.