The board of directors of Kate China Holdings Limtied announced that Mr. Chan Chi Yuenand Mr. Liu Rongsheng have been appointed as executive Directors; and Mr. Yuan Guanghua has been appointed as a non-executive Director with effect from 27 October 2015. Mr. Chan, aged 49 is a practising certified public accountant and has extensive experience in financial management, corporate development, corporate finance and corporate governance. He is currently an executive director and the chief executive officer of Noble Century Investment Holdings Limited and an executive director of e-Kong Group Limited, an independent non-executive director of Asia Energy Logistics Group Limited, REX Global Entertainment Holdings Limited (formerly known as China Gamma Group Limited), Jun Yang Solar Power Investments Limited, Media Asia Group Holdings Limited, New Times Energy Corporation Limited, U-RIGHT International Holdings Limited and Leyou Technologies Holdings Limited.

Mr. Liu has over 25 years of experience in import and export trading, logistics, corporate strategic management, project management and finance business. Mr. Yuan is currently an executive vice president of a private group in Shanghai in the real estate industry, the PRC.