The board of directors of Wonderful Sky Financial Group Holdings Limited announced that Ms. Sun Bin will resign from the role of the chief executive officer of the Company to devote more time to her family and will be re-designated from an executive director to a non-executive director of the company with effect from 1 May 2013. The Board announced that Mr. Xie Wen Zhao, will be appointed as the executive director and chief executive officer of the Company and certain of its subsidiaries with effect from 1 May 2013. Mr. Xie was the chief financial officer of Winsway Coking Coal Holdings Limited from February 2010 to April 2013 and was responsible for Winsway's initial public offering, capital markets activities, financial management, mergers and acquisitions and investors relations.

With effect from 1 May 2013, Ms. Chan Pui Kei will resign as an executive director of the Company due to reallocation of duties and she will focus more on other businesses of the Group. Ms. Chan has confirmed that in relation to her resignation, she has no disagreement with the Board and there are no other matters that need to be brought to the attention of the shareholders of the Company.