The board of directors of Media Asia Group Holdings Limited announced that Ms. Etsuko Hoshiyama will resign as an executive Director and the compliance officer of the company and cease to be a member of the executive committee of the company with effect from December 15, 2012 as she needs to concentrate more on the company secretarial matters of the company and its subsidiaries. Ms. Hoshiyama will remain as the company secretary and an authorized representative of the company. The Board further announces that Mr. Lui Siu Tuen, Richard, an executive Director, has been appointed as the compliance officer of the company with effect from December 15, 2012.