RCG Holdings Limited announced the appointment of Mr. Liu Wen as independent non-executive director of the company and as the chairman to the board of the company, the appointment of Mr. Sim Kay Wah, who had been serving as the Deputy Chief Financial Officer of the Company, as Chief Financial Officer of the company and the resignation of Mr. Pieter Lambert Diaz Wattimena as independent non-executive director of the company. All three directorate changes are effective 7 March 2014. Experienced in both Hong Kong and Mainland China matters, particularly in relation to foreign direct investments in China, Mr. Liu is also a Member of the 5th and 6th Meizhou Municipal Committee of the Chinese People's Political Consultative Conference, Guandong Province and is a guest lecturer of the Chinese Manufacturers' Association of Hong Kong.

Kenny Sim joined the Group in 2010 and, in his most recent role of Deputy Chief Financial Officer, having assumed the responsibilities of the Company's previous Chief Financial Officer, has been responsible for overseeing the company's financial and accounting matters together with the Group's administration. Kenny will now maintain this role on a permanent basis. Prior to joining RCG, Kenny was CFO of Smartag Solutions Berhad and before that, Financial Controller of Limahsoon Berhad.