The board of directors of Midland Holdings Limited announced that Ms. WONG Ching Yi, Angela, currently the Executive Director, Deputy Chairman and
Deputy Managing Director of the company, has been re-designated as the Executive Director, Deputy Chairman and Managing Director of the company with effect from 11 December 2014. As a result of such re-designation, Ms. WONG and Mr. WONG Tsz Wa, Pierre, an Executive Director and currently the Managing Director of the Company, will be acting jointly as the Managing Directors of the Company with effect from 11 December 2014. Ms. WONG has been the Executive Director of the Company since March 2008 and has been the Deputy Chairman of the Company since March 2011, and Deputy
Managing Director since August 2011 before her re-designation as Managing Director. Ms. WONG is responsible for formulating, overseeing and implementing the Group's overall corporate strategies and policies as well as the corporate development and governance of the Group. She is also responsible for the overall management and sales operations of the Group, and oversees other operations ranging from finance, professional services, investor relations, information technology to corporate communications.