The board of directors of NWS Holdings Limited announced the appointment of Dr. Cheng Chi Kong, Adrian as an executive director and a member of the Executive Committee of the Company both with effect from 11 October 2019. He will be responsible for overseeing the strategic direction of the Group’s businesses. Dr. Cheng, is the Executive Vice-Chairman and General Manager of New World Development Company Limited, an executive director of New World Department Store China Limited and Chow Tai Fook Jewellery Group Limited, and a non-executive director of Giordano International Limited and New Century Healthcare Holding Co. Limited, all being listed public companies in Hong Kong. He is also a director of Chow Tai Fook (Holding) Limited and Chow Tai Fook Enterprises Limited, both are substantial shareholders of the Company.