Labixiaoxin Snacks Group Limited announced that to enhance on the business expansion of the Group's beverages segment and to further reinforce the overall management strength of the Group, the board of directors of the company announced that Mr. Zheng Yu Long, who is currently the chairman of the Board, an executive director of the Company and a member of the remuneration committee of the Company, will assume additional responsibilities to oversee the Group's beverages segment. As a result, Mr. Zheng Yu Long has stepped down from the position as the Chairman with effect from 18 March 2015 so as to spend more time on his aforesaid additional responsibilities within the Group. Upon his resignation as the Chairman, Mr. Zheng Yu Long continues to hold the office as an executive director of the Company and remains as a member of the remuneration committee of the Company.

Following the resignation of Mr. Zheng Yu Long as the Chairman, Mr. Zheng Yu Huan, an executive director of the Company, has been appointed as Chairman with effect from 18 March 2015.