The board of directors of Vision Fame International Holding Limited announced that with effect from October 3, 2016. Mr. Kwan Ngai Kit has tendered his resignation as an executive Director, the Chief Financial Officer, the Company Secretary and an Authorised Representative of the company under the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited due to the plan of pursuing his personal career development. The company also announced that Mr. Xie Xiaotao has been appointed as an executive Director.

Mr. Xie, currently, Mr. Xie is the deputy general manager of Jiangyin City Li Shang Transportation Services Co. Ltd. Mr. Xie has extensive working experience in the equity investment and consulting area.