The board of directors of Hao Wen Holdings Limited announced that Mr. Chow Yik has tendered his resignation as the Compliance Officer of the company with effect from 17 February 2014. Mr. Chow still remains as an Executive Director, the Chairman of the Board and Authorized Representative of the company for the purpose of Rule 5.24 of the Rules Governing the Listing of Securities on the Growth Enterprise Market of The Stock Exchange of Hong Kong Limited and will devote more time to manage the Board and strengthen the company's relationship with its shareholders and potential investors. The Board announced that Mr. Lok Wing Fu has been appointed as an Executive Director of the company with effect from 17 February 2014.

He has over 20 years working experience in marketing and wholesales, staff training and sales management. Before joining the company, Mr. Lok worked for San Miguel Brewery Hong Kong Limited as a wholesales manager responsible for business development, promotions execution and logistics over 10 years. Currently, Mr. Lok is also a director of Foreverup Company Limited responsible for trading operations to and from United States, Mainland China and Hong Kong.

Mr. Lok will be responsible for the marketing function of the Company and its subsidiaries. The Board also announced that Mr. Chan Yin Tsung has been appointed as the Chief Executive Officer and the Compliance Officer of the Group. Mr. Chan has over 10 years of experience in initial public offering, corporate merger and acquisitions, restructuring, due diligence, audit, financial modeling and business valuation.

From 2003 to 2010, Mr. Chan held various positions in Ernst & Young, KPMG Transaction Advisory Services and PricewaterhouseCoopers Corporate Finance, providing transaction advisory and audit services in China and Hong Kong to various corporations. Mr. Chan joined the investment banking division of Essence International Financial Holdings Limited in October 2010 where he focused on advising clients in initial public offering. In August 2011, Mr. Chan joined the private equity department of the same company as a senior manager and he was responsible for investment projects origination, analysis and execution.

Mr. Chan will be responsible for formulating the Group's corporate strategies and general administration affairs.