500.com Limited Announces Resignation Of Chief Risk Officer

500.com Limited

("500.com" or the "Company"), a leading online sports lottery service provider in China, today announced that Mr. Anthony Liu will resign from his post as Chief Risk Officer and Investor Relations Director effective July 14, 2014. Mr. Liu will pursue other professional opportunities. 500.com has begun a search for Mr. Liu's replacement. "I want to express my gratitude to Mr. Liu for his extraordinary contributions to the Company over the past three years," commented Mr. Man San Law, Chairman and Chief Executive Officer of 500.com. "Mr. Liu has been a valued colleague and was instrumental in bringing our financial controls up to global standards during the Company's IPO process. We wish Mr. Liu all the best in his future endeavors."