The board of directors of Midland Holdings Ltd. announced the following changes of directorships of the Company and the change in Director's information: Mr. WONG Kin Yip, Freddie ("Mr. WONG"), currently the Chairman and Executive Director of the company, has been re-designated as the Non-executive Director of the company with effect from 26 August 2013 but remains as the Chairman of the Board. Currently, he is responsible for formulating the overall corporate directions and corporate strategies of the Company and its subsidiaries (collectively, the "Group"), and leading the Group's management team. Mr. CHAN Kwan Hing has resigned as Executive Director of the company and his resignation shall take effect on 24 August 2013 due to his personal commitments.

Mr. CHAN confirmed that he has no disagreement with the Board and there is no matter relating to his resignation that needs to be brought to the attention of the Shareholders.