The board of directors of Megalogic Technology Holdings Limited announced that Mr. Lee Cheung Ming has resigned as an executive director of the company and the Chairman of the Board with effect from 1 July 2014. The reason for the resignation is due to his own decision to devote more time to his personal affairs. The Board also announced that Mr. Zhang Qing has been appointed as an executive director of the company and the Chairman with effect from 1 July 2014.

Mr. Zhang Qing, aged 45, has been appointed as an investor relations officer of the company since 18 March 2014. Currently, he is also the director of two subsidiaries of the company, namely Megalogic China Development Limited and Easy Loan Finance Limited. Mr. Zhang acted as the director of Sichuan Harmony Enterprises (Group) Limited during the period from 8 March 2011 to 12 September 2013.