The board of directors of Milan Station Holdings Limited announced that with effect from July 11, 2014, Mr. Yiu Kwan Tat has stepped down from his position as the chief executive officer of the company, but remains as an Executive Director and the Chairman of the company and Mr. Choi Wai Kwok, Andy, has been appointed as the chief executive officer of the company. Mr. Choi worked as chief executive officer in Initial Fashion Company Limited from 2009 to 2014.