Capital VC Limited announced that with effect from October 9, 2012, Dr. Liu Ta-pei has resigned as an executive director of the Board and the Chairman of both the Board and the Investment Committee of the Company. Dr. Liu has been appointed as the Principal Advisor to the company with effect with October 9, 2012. The Board also announces that with effect from 9 October 2012, Dr. Liu has ceased to be an Authorized Representative and Mr. Kong Fanpeng has been appointed to take Dr. Liu's stead.