The board of directors of Kai Yuan Holdings Limited announces that Mr. Fong Kwok Kin has tendered his resignation as the company secretary and the agent for service of process in Hong Kong under Part XI of the companies Ordinance of the company with effect from 3 February 2014. The Board announced that Mr. Law Wing Chi, Stephen, an executive director, chief financial officer and existing Process Agent of the company, has been appointed as the company Secretary with effect from 3 February 2014. Mr. Law remains as the Process Agent after Mr. Fong's resignation.