The board of directors of Baofeng Modern International Holdings Company Limited announced that Mr. Yu Wai Cheong ("Mr. Yu") has tendered his resignation as the company secretary and an authorized representative of the Company for the service of process and notices under the Company Ordinance with effect from 25 April 2014 to focus on his duty as assistant financial controller. Mr. Yu confirmed that he has no disagreement with the Board and there is nothing relating to his resignation that needs to be brought to the attention of The Stock Exchange of Hong Kong Limited or
the shareholders of the Company. The Board announced that Mr. Kwok Chi Yin ("Mr. Kwok") has been appointed as the company secretary and an authorized representative of the Company for the service of process and notices under the Company Ordinance with effect from 25 April 2014.