The board of directors of Digital Domain Holdings Limited announced that with effect from May 18, 2015, Mr. Amit Chopra has been appointed as an executive Director and the chief operating officer of the company as well as a member of the executive committee of the company. Mr. Chopra joined the Group in 2012 and is currently the executive vice president of the company and chief operating officer of Digital Domain 3.0 Inc. He will be responsible for managing the daily operations of the group and overseeing the investment strategy and merge and acquisition activity for the company and building strategic relationships with vendors and key clients alike. He is also a director and an officer of certain subsidiaries of the company respectively.

The Board also announced that with effect from May 18, 2015, Mr. Fan Lei (Mr. Fan) has resigned as an executive Director, the deputy chairman of the Board, the authorized representative of the company and ceased to be a member of the Executive Committee, nomination committee and remuneration committee of the company and has been appointed as a senior advisor of the company and will provide strategic advice to the Board on the development of the Group's business. The reason for the resignation is due to his other business commitments which require more of his dedication. In addition, the Board announced that Mr. Seah Ang (Mr. Seah), the chairman of the Board and the chief executive officer of the company, has been appointed as a member of the Nomination Committee and Remuneration Committee and an Authorised Representative with effect from May 18, 2015.