The board of directors of Natural Beauty Bio-Technology Limited has announced that Mr. HSIAO Wen-Chung, alias Mark Shaw, the Chief Operating Officer and Interim Chief Executive Officer of the Group, will be re-designated as Chief Executive Officer of the Group and cease to be the Chief Operating Officer, in each case, with effect from 1 September 2016. Mr. HSIAO joined the Group on 16 October 2006 as the Chief Operating Officer of Taiwan and other markets. He was subsequently re-designated as the Chief Operating Officer of the Group with effect from 15 April 2009 and was responsible for consolidating and expanding the Group's operations until 9 February 2010.

Mr. HSIAO was appointed as Chief Operating Officer and Interim Chief Executive Officer with effect from 21 December 2015 and 1 January 2016 respectively. Prior to joining the Group in October 2006, Mr. HSIAO has over 23 years of operational management experience in the consumer goods industry. He was the National Key Account Manager of Tait & Co., the National Sales Director of Unilever Taiwan, the Sales and Marketing Director, Greater China of Warner-Lambert and Energizer Schick Taiwan Limited, leading the sales team of the company.

From November 2014 to November 2015, Mr. HSIAO was the Executive Vice President of Panion & BF Biotech Inc.