The board of directors of Goodbaby International Holdings Limited announced that Mr. Martin Pos, an executive Director and the deputy chief executive officer of the vompany, will succeed Mr. Song Zhenghuan as the chief executive officer of the vompany with effect from 15 January 2016. Upon the appointment of Mr. Pos as the chief executive office of the company, Mr. Song will remain as the chairman of the Board and an executive Director. Mr. Pos will lead the experienced management team of the Group, focusing on global business development through the company's strategic brands, namely gb, Cybex and Evenflo on the one hand, whilst maintaining close relationships with the group's existing Blue Chip customers on the other.

Mr. Song confirms that there is no disagreement with the Board and there is no matter in relation to his resignation as the chief executive officer of the company that needs to be brought to the attention of the shareholders of the company or The Stock Exchange of Hong Kong Limited. Mr. Martin Pos, aged 45, is currently an executive Director and has been re-designated as the chief executive officer of the company with effect from 15 January 2016.