The board of directors of Forebase International Holdings Limited announced that each of Mr.Ronald Lew Podlas and Mr.Li Zi has resigned as executive Director and a member of the executive committee of the company with effect from 16 February 2015 due to retirement and other work engagements respectively. The Board announced that Mr. Zhao Enze and Mr. Fan Jiangang have been appointed as executive Directors and members of the executive committee of the company. Prior to joining the Company, he had held various senior management positions in Bank of East Asia (China) Limited, Hang Seng Bank (China) Co.

Ltd. and a number of real estate companies. He had served as branch president, general manager of corporate banking and other senior management positions in different domestic and foreign financial institutions, such as Bank of Communications, Industrial Bank, CITIC Bank and OCBC Bank. The Board also announced the resignation of Mr. Li as disclosed above, Mr. Zhao has been appointed as an authorised representative of the company with effect from 16 February 2015.