China Packaging Group Company Limited announced that the board has temporarily suspended Mr. He Jianhong from his position as the chairman of the board and executive director with effect from 27 January 2014. In order not to affect the daily operations of the Company, the Board announced that Mr. Siu Yun Fat and Mr. Lau Fai Lawrence has been appointed as executive directors of the company with effect from 28 January 2014. Prior to his appointment, Mr. Siu served in various local and international accountants firm.

Since 1 April 2011 Mr. Siu serves as the financial controller of Skyway Securities Investment Limited. Mr. Lau, aged 42, is currently a practicing certified public accountant in Hong Kong, a member of the Institute of Chartered Accountants in England and Wales and a fellow member of the Association of Chartered Certified Accountants in the UK. Mr. Lau graduated from the University of Hong Kong with a bachelor's degree in business administration in 1994 and obtained a master's degree in corporate finance from Hong Kong Polytechnic University in 2007.