The Board of Directors of K. Wah International Holdings Ltd. announced that Professor Poon Chung Kwong has resigned as an independent non-executive Director of the company with effect from July 31, 2015 in order to devote more time to his commitment in voluntary and charitable works upon completion of his service contract with the company. Professor Poon has also resigned as a member of the Audit Committee of the company on the same day. The Board further announced that Dr. Moses Cheng Mo Chi (Dr. Cheng), currently a non-executive Director of the company, has been appointed as a member of the Audit Committee of the company with effect from July 31, 2015 in place of Professor Poon.