The board of directors of Dream International Limited announced that the term of office of Professor Byong Hun Ahn as an independent non-executive director of the company will expire on 30 May 2016 and Professor Ahn did not seek for renewal of his term of office as he wants to devote more time to his personal commitments. Accordingly, Professor Ahn will also cease to be the chairman of the remuneration committee, and members of the audit committee and nomination committee of the company with effect from 30 May 2016. The Board announced that Dr. Chan Yoo has been appointed as an independent non-executive director, chairman of the remuneration committee, and members of the audit committee and nomination committee of the company with effect from 30 May 2016. Dr. Yoo was an independent non-executive director of Woojin Inc. from February 2010 to March 2016. He is currently the President of McQs, Incorporated and the Partner of TheCobaltSky. Pursuant to the letter of engagement entered into between the Company and Dr. Yoo, Dr. Yoo has been appointed for a term of two years commencing from 30 May 2016, subject to the retirement and re-election provisions under the articles of association of the company.