On January 18, 2013, Sichuan Swellfun Co. Ltd.'s directorate received the written resignation submitted by Kenneth Macpherson who, due to work change, would resign from the positions of Director, Vice Chairman of Directorate, Member of the Strategic and Executive Committee of the Directorate and Member of the Remuneration & Evaluation Committee of the Directorate. According to relevant regulations, Kenneth Macpherson's resignation took effect since the day when the resignation report was delivered to the directorate; meanwhile, due to work change, Kenneth Macpherson would also resign from the position of the Company's General Manager from March 15, 2013 when he would no longer hold any position in the Company.