The board of directors of M Dream Inworld Limited announced that with effect from June 9, 2014, Mr. Kuang Hao Kun Giovanni was appointed as an executive Director. The Board announced that Mr. Xue Qiushi, who has temporarily taken up the role as the Chairman of the board while carrying out his duties as the chief executive officer with effect from June 4, 2014, resigned as the chairman of the board with effect from June 9, 2014. Mr. Xue also resigned as the authorized representative of the company and the compliance officer of the company with effect from June 9, 2014.

Following Mr. Xue's resignation from the aforementioned positions, Mr. Kuang was appointed as the Chairman of the Board, the authorized representative and the Compliance Officer with effect from June 9, 2014. Mr. Xue remains as the executive Director and the Chief Executive Officer of the Company.