The board of directors of Natural Beauty Bio-Technology Limited announced that the term of employment of the current Chief Executive Officer of the group, Ms. CHANG Karen Yi Fen, will expire on January 1, 2016, and she has decided to cease to hold office as Chief Executive Officer of the group. The board announced that, with effect from December 21, 2015, Mr. HSIAO Wen-Chung, alias Mark Shaw has been appointed as the Chief Operating Officer of the group. The board further announced that, with effect from January 1, 2016, Mr. HSIAO will be appointed as Interim Chief Executive Officer of the group and will tentatively hold office as Chief Executive Officer, following the departure of Ms. CHANG.

Mr. HSIAO joined the group on October 16, 2006 as the Chief Operating Officer, Taiwan and other markets. From November 2014 to November 2015, Mr. HSIAO was the Executive Vice President of Panion & BF Biotech Inc.