The board of directors of Net2Gather (China) Holdings Limited announced that Dr. Chan Yau Ching Bob (Dr Chan) has been appointed as an executive director and deputy chief executive officer of the company with effect from October 3, 2012. Dr. Chan, aged 50, is appointed as an executive director and deputy chief executive officer of the company in charge of the corporate development and management of the Group. He is accountable to the Board to formulate long-term business strategy for the Group and will work closely with the chief executive officers of respective business units on corporate development and expansion.

Dr. Chan also specializes in investor relations, who maintain constant communication with institutional investors. He has proven track record in management of new start-up and information technology companies. Dr. Chan joined the Group in September 2000.

Before taking up the position, he is responsible for overseeing the Group's investment activities and is the chief executive officer of Moliyo in charge of the overall product development and operation of online game business in the PRC. He is also the chief economist of the Group's associate (CASH Financial Services Group Limited ("CFSG")) for providing global macroeconomic viewpoints to its clients.