Vision Fame International Holding Limited announced that Mr. Wang Zhijun, Chairman and executive Director of the Company and Mr. Chiu Sai Chuen Nicholas, independent non-executive Director of the Company have separately tendered their resignations as Directors, and, in the case of Mr. Wang, as Chairman of the Company, with effect from 23 September 2015. Mr. Chen Guobao has been appointed as an non-executive Director. Mr. Chen, aged 41, currently is the deputy chairman of Ningbo Chamber of Commerce of Shanghai Federation of Industrial & Commerce, chairman of Ninghai Shanghai Chamber of Commerce, chairman of Shanghai Jinhai Industrial Limited.

Mr. Wang has resigned as the chairman of the nomination committee, and a member of the remuneration committee of the Company; Mr. Chiu has resigned as a member of the audit committee, the remuneration committee, and the nomination committee of the Company; Mr. Chen has been appointed as the members of the nomination committee and remuneration committee of the Company; Mr. Chau Chit (``Mr. Chau'') has been appointed as the chairman of the nomination committee of the Company. Mr. Chau has been appointed as the Chairman of the Company in place of Mr. Wang. Mr. Chau, aged 50, currently serves as the chairman of the Hong Kong Jiangyin Trade Association and the vice president of Federation of HK Jiangsu Community Organizations Limited.