The board of directors of M Dream Inworld Limited announced that with effect from January 29, 2014, Mr. Yu Pak Yan, Peter (Mr. Yu), in order to devote more time to his business, resigned as an independent non-executive Director, together as the chairman of nomination committee of the Board(Nomination Committee), a member of the audit committee of the Board (Audit Committee) and a member of the remuneration committee of the Board(Remuneration Committee). Mr. Yu has confirmed that he has no disagreement with the Board and there are no matters in relation to his resignation which should be brought to the attention of the shareholders of the company (Shareholders). Following the resignation of Mr. Yu, Ms. Xiao Yiming, an independent non-executive Director, was appointed as the chairman of the Nomination Committee, a member of the Audit Committee and the Remuneration Committee with effect from January 29, 2014.