Ernest Borel Holdings Limited announced that Su Da terminated as chief executive officer effective from March 17, 2017. The company further announced that Sit Yau Chiu the existing chairman and an executive director of the company, has been appointed as the chief executive officer of the company with effect from March 29, 2017. He has over 31 years of investment and business development experience in different industries such as trading and sale of internationally renowned brands, catering, information, real estate and chemical engineering industries. Sit is currently an executive director of Infinity Financial Group (Holdings) Limited.