The board of directors of Hsin Chong Group Holdings Limited announced that Mr. WANG Guozhen has been appointed as the Executive Director and Vice Chairman with effect from 3 September 2018. Mr. Wang, aged 60, holds an executive master's degree in business administration with Cheung Kong Graduate School of Business. He joined the Ministry of Finance of the People's Republic of China in 1982 and has served as heads of various departments. He held various positions such as the general manager of Debao Hotel operated by the Ministry of Finance, the deputy general manager of Debao Industrial Corporation and the deputy officer of Bureaucratic Service Center of the Ministry of Finance. The Board announced that: Dr. LAM Lee G. has been appointed as a member of the Audit Committee with effect from 3 September 2018. The membership of Audit Committee has increased from four to five, comprising: Mr. CHENG Sui Sang (Independent Non-executive Director) as Chairman of Audit Committee. Dr. LAM Lee G. has been appointed as chairman of the Risk Management Committee with effect from 3 September 2018. Dr. LO Wing Yan William and Dr. LAM Lee G. have been appointed as chairman and a member of the Corporate Governance Committee with effect from 3 September 2018 respectively. Mr. George YUEN Kam Ho has been re designated from chairman to a member of the Corporate Governance Committee with effect from 3 September 2018.