Vision Fame International Holding Limited announced that Mr. Hu Baoyue has tendered his resignation as the acting chief executive officer of the company due to the plan of pursuing his personal career development. Mr. Dai Jialong has been appointed as an executive Director and the Co-Chairman of the Board. Mr. Dai is the Chairman of China Crystal New Material Holdings Co.

Ltd. and executive director of Yat Shing Holdings Limited. Mr. Dai is also an executive director of China Non-Metallic Minerals Industry Association and is the vice president of the Professional Committee of Mica under CNMIA. Mr. Chau has been appointed as the chief executive officer of the company.

Mr. Chau was appointed as an executive Director of the Company on 22 July 2015. He was also appointed as the Chairman of the Board on 23 September 2015 and re-designated to Co-Chairman of the Board on 1 March 2017. Mr. Chau is the chairman of the nomination committee and a member of the remuneration committee of the company.

Mr. Chau was the Chairman of the Board since 2015 and was primarily responsible for the management of the Board, including but not limited to, providing leadership to the Board and ensuring that the Board works effectively and performs its responsibilities. Upon the resignation of Mr. Hu as the acting chief executive officer, Mr. Chau was appointed as the chief executive officer of the Company, carrying out executive functions including the business planning, formulation of strategies, day-to-day business and operations management of the Group. Following the above, the Company re-designated Mr. Chau and appointed Mr. Dai as the Co-Chairmen of the Board, with the aim to maintain the balance of power and authority of the Board.

The Co-Chairmen shall act together to carry out and share the responsibilities of the role of the chairman of the company. Following the change of Director mentioned above, Mr. Dai has been appointed as a member of the nomination committee and remuneration committee of the company.