The board of directors of Prince Frog International Holdings Limited announced the changes in the company with effect from January 24, 2014. Ms. Huang Yishan has been appointed as joint company secretary in replacement of Ms. Hong Fang. Ms. Huang has been appointed as the alternate authorized representative to Ms. Hong Fang.

Ms. So Yee Kwan has been appointed in replacement of Ms. So Ka Man to act in the following capacities: joint company secretary; agent for the service of process and notices on behalf of the company and alternate authorized representative to Mr. Li Zhenhui. Ms. Hong Fang and Ms. So Ka Man have confirmed that they have no disagreement with the board and the company. Ms. So is a Manager of Corporate Services of Tricor Services Limited.

Ms. Huang has been the Investor Relations Director of the company since the company's listing on the Stock Exchange in July 2011. Prior to joining the company, Ms. Huang had been an Assistant Manager in the audit department of KPMG from August 2006 to September 2009. Ms. So Yee Kwan is a Manager of Corporate Services of Tricor Services Limited.