The Board of Directors of China Railsmedia Corporation Limited announced that SUN Wei has been appointed as an executive Director of the Company with effect from 26 February 2014. Sun has over three years of experience in accounting and administration. SUN has entered into a service agreement with the company on 26 February 2014 with no fixed term of service of the company. SUN shall hold office only until the next general meeting of the company and shall be eligible for re-election at that meeting. The board announced that MA Qianli has been appointed as an independent non-executive Director of the company and the members of remuneration committee of the company, with effect from 26 February 2014. MA has entered into a service agreement with the company on 26 February 2014 with no fixed term of service of the company. MA shall hold office only until the next general meeting of the company and shall be eligible for re-election at that meeting. The board announced that SIT Hing Wah has rendered his letter of resignation to the company due to other business commitments and has resigned from his position as an independent non-executive director and members of the audit committee, remuneration committee and nomination committee of the company, with effect from 26 February 2014. SIT has confirmed that he has no disagreement with the Board and there are no matters that need to be brought to the attention of the shareholders of the company in relation of
SIT's resignation. The Board further announces that WANG Miaojun has been appointed as a member of the audit committee of the company with effect from 26 February 2014.