The board of directors of Dragon Crown Group Holdings Limited announced that Mr. KWAN Chun Yuen resigned as an executive Director and the company secretary of the company and has ceased to act as an authorized representative, as required under Rule 3.06 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited, of the company with effect from 17 July 2012 to pursue his personal career development. The board announces that, pursuant to Mr. KWAN's resignation as the company secretary of the company, Mr. CHONG Man Kit has been appointed as the company secretary of the company with effect from 17 July 2012. Mr. CHONG has over 12 years of professional experience in auditing, accounting and corporate financial management. Prior to joining the company, Mr. CHONG worked as an audit manager in KPMG with international work exposure in Hong Kong, mainland China and United Kingdom from 2001 to 2010. The board also announced that, pursuant to Mr. KWAN's resignation as the authorized representative of the company, Ms. CHAN Wan Ming, an executive director of the company, has been appointed as the authorized representative, as required under Rule 3.06 of the Listing Rules, with effect from 17 July 2012.