The Board of Midas International Holdings Ltd. announced that Mr. Richard Hung ceased to act as the Managing Director of the company with effect from 15 December 2015, but remains to be the Chairman of the company; Ms. Candy Chuang has been appointed as the Vice Chairman of the company with effect from 15 December 2015; and Mr. Geoffrey Chuang has been appointed as the Managing Director of the company with effect from 15 December 2015. Ms. Candy Chuang, the Vice Chairman and an Executive Director, is assisting the Chairman in the overall strategic planning and direction of the business of the Group. She has 11 years of experience in general management, marketing and property business.

She is also a member of the corporate governance committee of the Company. She is an executive director of CCIL and the chairman of Treasure Auctioneer International Limited. Mr. Geoffrey Chuang, the Managing Director, is responsible for the overall day-to-day business operations of the Group.

He is also a member of the corporate governance committee of the Company. He has 6 years of experience in financial and general management. He joined the Group in 2011 and is a director of various subsidiaries of the Company being responsible for the overall management of these subsidiaries.