Aquis Entertainment Limited announced the retirement of Mr. Tony Fung as Chairman and Non-Executive Director of the Company. Mr. Fung has served as Chairman of the Company since acquisition in 2015 and is the Company's major shareholder and financier. While there will be no changes to the shareholding or financing arrangements in place, Mr. Fung's retirement comes at a time where the industry is facing competing interests in profit versus factors such as responsible management of problem gambling and money laundering issues, and generally speaking, responsible management to justify retention of the "social licence" to retain a gaming licence. Mr. Russell Shields, Independent Non-Executive Director will step in as interim Chairman pending a formal offer; the Board expect to announce his formal appointment to the position of Chairman in the coming weeks.