The board of directors of China Silver Group Limited announced that Mr. Chen Wantian has resigned from his position as the chief executive officer of the company with effect from April 30, 2015, but remains as the chairman of the Board and an executive Director; Mr. Sung Kin Man has been appointed as the Chief Executive Officer and executive Director with effect from April 30, 2015; and Mr. Guo Bin has been appointed as an independent non-executive Director with effect from April 30, 2015. Mr. Sung has been working in the finance industry and international capital markets in Hong Kong and other parts of Asia since 1994. He has extensive management experience and was an executive director of UBS Securities Asia Ltd. He was also a director of the Global Equity Division of Merrill Lynch Asia Inc. from 2005 to 2007.

Mr. Guo has been the head of sales and operation of a real estate company in Chengdu since August 2014 and has expertise in online sales and marketing strategy.