The board of directors of Century Ginwa Retail Holdings Limited announced that the term of engagement of Mr. Choon Hoi Kit, Edwin as a director and chief executive officer of the Company has expired on 8 March 2017 and Mr. Choon ceased to be a director and chief executive officer of the company from 8 March 2017. In order to ensure a smooth handover, Mr. Choon will remain as a consultant of the company for the period of three months commencing 9 March 2017. Following the cessation of office as a director of the company, Mr. Choon also ceased to be the authorised representative of the company.

The board announced that Mr. Chan Wai Kwong, Peter has been appointed as the new authorised representative of the company.