The Board of Directors of HMV Digital China Group Limited announced that Ms. Li Mau as an executive director and co-chairman of the company and Mr. Wu King Shiu, Kelvin has been appointed as a non-executive director of the company and Mr. Ho Gilbert Chi Hang has been appointed as an executive director of the company, all with effect from 7 October 2016. Ms. Li is the founder and the chief executive officer of HMV Cultural F&B Group Limited. Ms. Li oversees the management, businesses and strategic direction of the HMV F&B Group. In addition to the internal management, Ms. Li also manages the business development globally. Ms. Li is the founder and chairman of i-Future Teens International Foundation Limited, a registered charitable organization in Hong Kong, providing developmental opportunities and exposures to children and youth from underresourced neighborhoods in Hong Kong to inspire them to identify their own talents and dreams. Ms. Li has accumulated extensive experience in investment and business management through her working experience in difference business segments in Asia and Europe. She is currently holding the position of chairman at HMV Asia Limited, and venture partner at AID Partners Capital Limited. As a co-Chairman of the company, Ms. Li will be primarily responsible for advising the overall strategy of the Group. Mr. Shiu Stephen Junior, an executive Director, Chairman and Chief Executive Officer of the Company will continue to be responsible for the strategic development and the business operation of the Group, including the responsibilities of a chairman of the Company under its constitutional documents, the Rules Governing the Listing of Securities on the GEM (including the Model Code) and the Corporate Governance Code. Mr. Wu is the chairman, the chief investment officer and executive director of AID Partners Technology Holdings Limited. He is a member of the board of directors of Kabushiki Kaisha Hyakusen Renma, Japan and Brave Entertainment Co. Ltd. Mr. Ho, aged 40, is the chief executive officer and executive director of AID Partners Technology Holdings Limited. Mr. Ho is the managing partner of AID Partners Capital Limited. The Board also announced that Mr. Chau Sai Ho Charles has resigned as an executive director of the company with effect from 7 October 2016 in order to devote more time to his personal businesses. Mr. Chau has confirmed that he has no disagreement with the Board and there are no matters relating to his resignation that needs to be brought to the attention of the shareholders of the company.