The board of directors of Stella International Holdings Limited announced that with effect from 1 January 2019, Mr. Chi Lo-Jen, an executive Director, will succeed Mr. Chen Li-Ming, Lawrence (Lawrence Chen) as the chief executive officer of the Group, the chairman of the executive committee of the Board (the Executive Committee) and the authorised representative of the Company. Mr. Lawrence Chen will remain as an executive Director and a member of the Executive Committee. Mr. Chi Lo-Jen, is an executive Director, a member of the Executive Committee and the Chief Executive Officer of both fashion footwear division and the branding division of the Group.

He is currently responsible for supervising the daily operations and business development of the Group's fashion footwear division and branding division. He is also a director of certain subsidiaries of the Company which are engaged in the branding business.