The board of Directors of Neo Telemedia Limited hereby announced the following changes with effect from 16 May 2014: Ms. Xi Lina was appointed as an independent non-executive Director and as a member of each of the audit committee of the company, the nomination committee of the company and the remuneration committee of the company; and Ms. Lu Zhuo resigned as an independent non-executive Director and ceased to be a member of each of the Audit Committee, the Nomination committee and the Remuneration Committee as she accepted the employment as a vice president of the company, who mainly responsible for investment. Ms. Lu confirmed that she has no disagreement with the Board or the company and there is no other matter relating to her resignation that needs to be brought to the attention of the shareholders of the company and The Stock Exchange of Hong Kong Limited. Ms. Xi is currently working as a manager in research department in Shanghai Futures Exchange. Ms. Xi has extensive experience in economics and futures market. Ms. Xi does not hold any directorship in other listed public companies during the past three
years.