Joy City Property Limited announced that with effect from 10 February 2020, Mr. WU Kwok Cheung has resigned as an independent non-executive Director; and ceased to be a member of each of the audit committee, nomination committee and remuneration committee of the Company; Mr. Wu has been appointed as Honorary Advisor of the Company; and Mr. CHAN Fan Shing has been appointed as an independent non-executive Director and a member of each of the Audit Committee, Nomination Committee and Remuneration Committee. Mr. Wu has resigned as an independent non-executive Director with effect from 10 February 2020 as he has reached the retirement age. Mr. Chan, aged 43, has extensive experience in auditing, accounting and financial management. Mr. Chan was appointed as a director of Tycoon Asia Pacific Group Limited (the "Tycoon") since October 2017. The company mainly engaged in trading of traditional Chinese medicine and healthcare products in Hong Kong, Macau, Singapore and Australia. In addition, since September 2018, Mr. Chan has been an independent non-executive director of Trigiant Group Limited, which is a company listed on the main board of The Stock Exchange of Hong Kong Limited and principally engaged in the manufacture and sales of feeder cable and related products for mobile communications and telecommunication equipment. During September 2009 and March 2016, Mr. Chan was the company secretary, financial controller and authorized representative of CPMC Holdings Limited ("CPMC"), the shares of which are listed on the main board of HKEx. Prior to joining CPMC, Mr. Chan has worked as senior management in various Hong Kong listed companies and as auditor in international audit firms.