The board of directors of Maoye International Holdings Limited announced that Mr. Wang Bin has resigned as the Vice President and the Chief Financial Officer of the company with effect from 7 December 2015, with a view to allocating more time to his other business. After the resignation, Mr. Wang remains as an executive director of the company. The board announced that Mr. Liu Bo has been appointed as the Chief Financial Officer of the company, with effect from 7 December 2015.

Mr. Liu Bo, aged 46, holds a Master of Business Administration degree from Webster University and is a fellow member of CPA Australia. He has over 20 years of financial management experience in China. He has joined as the company's Vice President since 14 September 2015.