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DIGITAL DOMAIN HOLDINGS LIMITED
(Incorporated in Bermuda with limited liability)
(Stock Code: 547)
RESIGNATION OF EXECUTIVE DIRECTOR AND CHAIRMAN AND APPOINTMENT OF SENIOR ADVISOR, APPOINTMENT OF CHAIRMAN,
CHANGE OF AUTHORISED REPRESENTATIVE AND
COMPOSITION OF THE EXECUTIVE COMMITTEE
The Board announces that with effect from 12 January 2015:
(1) Mr. Zhou has resigned as an Executive Director and the chairman of the Board; (2) Mr. Zhou has been appointed as a senior advisor of the Company;
(3) Mr. Seah has been appointed as the chairman of the Board;
(4) Mr. Zhou has resigned as an authorised representative of the Company; and
(5) Mr. Zhou has ceased to be a member of the executive committee of the Company.
RESIGNATION OF EXECUTIVE DIRECTOR AND CHAIRMAN AND APPOINTMENT OF SENIOR ADVISOR
The board of directors (the "Board") of Digital Domain Holdings Limited (the "Company"
and together with its subsidiaries, the "Group") announces that with effect from 12 January
2015, Mr. Zhou Jian ("Mr. Zhou") (a) has resigned as an executive director ("Executive Director") and the chairman of the Board of the Company and (b) has been appointed as a senior advisor of the Company and will provide strategic advice to the Board on the development of the Group's business. The reason for the resignation is due to his other business commitments which require more of his dedication.
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Mr. Zhou has confirmed that he has no disagreement with the Board and there is no matter relating to his resignation that needs to be brought to the attention of the holders of the securities of the Company.
The Board would like to take this opportunity to express its sincere gratitude to Mr. Zhou for his guidance and counsel during his chairmanship of the Board.
APPOINTMENT OF CHAIRMAN
The Board announces that Mr. Seah Ang ("Mr. Seah"), an Executive Director and the chief executive officer of the Company, has been appointed as the chairman of the Board with effect from 12 January 2015.
The Board would like to express its warm welcome to Mr. Seah on his new position and believes his leadership will bring satisfying benefits and positive impacts on the development of the Group's business.
CHANGE OF AUTHORISED REPRESENTATIVE AND COMPOSITION OF THE EXECUTIVE COMMITTEE
The Board also announces that with effect from 12 January 2015, Mr. Zhou has resigned as an authorised representative of the Company for the acceptance of service of any process or notice required to be served on the Company in Hong Kong under the Companies Ordinance (Chapter 622 of the Laws of Hong Kong) and ceased to be a member of the executive committee of the Company.
By Order of the Board
DIGITAL DOMAIN HOLDINGS LIMITED Seah Ang
Chairman and Chief Executive Officer
Hong Kong, 12 January 2015
As at the date of this announcement, Mr. Seah Ang and Mr. Fan Lei are the executive directors of the Company and Ms. Lau Cheong, Mr. Duan Xiongfei and Mr. Wong Ka Kong Adam are the independent non-executive directors of the Company.
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