The board of directors of TC Orient Lighting Holding Limited announced that the Board received the resignation letter of Mr. Chen Yongsen and on 20 April 2018, the Board accepted and approved Mr. Chen's resignation as an executive Director and the Chairman of the Company with immediate effect. Simultaneously with Mr. Chen's resignation as an executive Director and the Chairman of the Company, he will also cease to be the chairman of the nomination committee of the Company. Mr. Chen confirmed to the Company that his resignation was due to his intention to concentrate on his own business engagement. The Board announced that the Board received the notice of retirement from Mr. Anson Poon Wai Kong ("Mr. Poon") notifying the Board that he intended to retire as an independent non-executive Director at the forthcoming AGM and decided not to offer himself for re-election. On 20 April 2018, the Board accepted and approved Mr. Poon's retirement to take effect at the conclusion of the AGM (currently expected to be held on 6 June 2018). Mr. Poon confirmed to the Company that his retirement was due to his intention to concentrate on his own business engagement.