The board of directors of MelcoLot Limited announced that Mr. Pan Zhengming and Mr. Yu Min have been appointed as a non-executive Director, and
Mr. Lin Sen, Mr. Yan Hao, and Mr. Lu Haitian have been respectively appointed as an independent non-executive Director with effect after the close of the Offer on 10 July 2017. Mr. Pan has served as the chief executive officer and a director of 500.com Limited and the controlling shareholder of the company, since May 2015. Mr. Pan was the president of 500.com Limited from September 2014 to May 2015 and the chief financial officer of 500.com Limited from April 2011 to August 2014. Prior to this, Mr. Pan served as vice president of Deutsche Bank AG, Hong Kong Branch from 2007 to April 2011 and an attorney at Simpson Thacher & Bartlett LLP from 2003 to 2007. Mr. Yu served as the chief financial officer of 500.com Limited since September 2014. Prior to joining 500.com Limited, Mr. Yu served as vice president of Deutsche Bank AG, Hong Kong Branch from 2010 to 2014. Prior to joining Deutsche Bank, Mr. Yu worked at Macquarie Capital Advisors in Shanghai and Hong Kong from 2007 to 2010. Mr. Lin is currently the chief financial officer of Shenzhen 7Road Technology Co. Ltd. Mr. Yan is currently a partner of Junzejun Law Offices. Mr. Yan currently serves as an arbitrator for the World Intellectual Property Organization, the Hong Kong International Arbitration Centre, the Shenzhen Court of International Arbitration, and the Guangzhou Arbitration Commission, respectively, as well as a panellist of the Asian Domain Name Dispute Resolution Centre. Mr. Lu is currently an associate professor in law and the associate head of the School of Accounting and Finance at the Hong Kong Polytechnic University. He served at the School of Accounting and Finance first as a visiting lecturer in law from September 2005 to June 2007 and later as an assistant professor in law from July 2007 to June 2012. The Board announced that, with effect after the close of the Offers on 10 July 2017, Mr. Ko Chun Fung, Henry, Mr. Tsang Yuen Wai, Samuel, Mr. Tam Chi Wai, Dennis have resigned as executive Directors; Mr. Tsui Che Yin, Frank has resigned as non-executive Director; and Mr. Tsoi, David, Mr. Pang Hing Chung, Alfred and Ms. Chan Po Yi, Patsy have resigned as independent non-executive Directors. The Board announced that, with effect after the close of the Offers on 10 July 2017, Mr. Tsui Che Yin, Frank has resigned as the chairman of the Board; and Mr. Pan, a non-executive Director, has been appointed as the chairman of the Board. Mr. Ko Chun Fung, Henry, a former executive Director, has resigned as the chief executive officer of the company; and Mr. Wang, an executive Director, has been appointed as the chief executive officer of the company. Mr. Lin has been appointed as the chairman of the Audit Committee, and Mr. Lu and Mr. Yu have been appointed as members of the Audit Committee. Mr. Tsoi, David resigned as the chairman of the Audit Committee. Mr. Tsui Che Yin, Frank, Mr. Pang Hing Chung, Alfred and Ms. Chan Po Yi, Patsy have resigned as members of the Audit Committee. Mr. Yan has been appointed as the chairman of the Remuneration Committee, and Mr. Yu and Mr. Lin have been appointed as members of the Remuneration Committee. Mr. Tsoi, David resigned as the chairman of the Remuneration Committee, and Mr. Tam Chi Wai, Dennis and Ms. Chan Po Yi, Patsy have resigned as members of the Remuneration Committee. Mr. Pan has been appointed as the chairman of the Nomination Committee, and Mr. Yan and Mr. Lu have been appointed as members of the Nomination Committee. Ms. Chan Po Yi, Patsy resigned as the chairman of the Nomination Committee. Mr. Pang Hing Chung, Alfred, Mr. Ko Chun Fung, Henry and Mr. Tsoi, David have resigned as members of the Nomination Committee. Mr. Leung Hoi Wai, Vincent and Ms. Chan Yuen Mei, Claudia have resigned as joint company secretaries of the company with effect after the close of the Offers on 10 July 2017. Ms. Chow Chiu Man, Mandy has been appointed as the company secretary of the company. She is an associate member of The Hong Kong Institute of Chartered Secretaries and The Institute of Chartered Secretaries and Administrators. Ms. Chow joined the Company in September 2004. She has over 15 years of experience in company secretarial affairs. Mr. Ko Chun Fung, Henry has ceased to act as the compliance officer of the company. Mr. Wang, an executive Director, has been appointed as the compliance officer of the company for the purpose of Rule 5.19 of the GEM Listing Rules.