The board of directors of Huabao International Holdings Limited announced that Lam Ka Yu be appointed as a non-executive director of the company with effect from November 27, 2013. For corporate management experiences, LAM is currently the general manager and director of an unlisted company, which is principally engaged in advertising media business in China. The board announced that as a result of an internal reallocation of management responsibilities, XIONG Qing will cease to act as an executive director of the company with effect from January 1, 2014.

He will also cease to serve as one of the authorized representatives of the company under rule 3.05 of the listing rules with effect from November 27, 2013. Mr. XIA Li Qun, an executive Director, executive vice president and chief financial officer of the company, has been appointed as the Authorized Representative of the company with effect from 27 November 2013.