The board of directors of Capital VC Limited announced that Mr. Yau Chung Hong has tendered his resignation as an executive Director due to his other business commitment which require more of his dedication. His resignation took effect on March 12, 2012. Mr. Yau Chung Hong thus ceased to act as a member of the investment committee of the Company on the same day. The Board also announced that Mr. Yau Chung Hong has resigned as an authorized representative of the Company. The company announced that Mr. Yau Yan Ming Raymond, an executive Director and a member of the Investment Committee, has been appointed as the Authorised Representative in the stead of Mr. Yau Chung Hong, with effect from March 12, 2012.