The board of directors of China Fordoo Holdings Limited announced that Mr. Kwauk Teh-Ming Walter has tendered his resignation as an independent non-executive director, the chairman and member of the audit committee, a member of the remuneration committee and a member of the nomination committee of the company, all with effect from 16 August 2016 in order to devote more time on his other personal matters and commitments. The Board announced that Mr. Poon Yick Pang Philip, has been appointed as an independent non-executive director of the company, the chairman and a member of the audit committee, a member of the remuneration committee and a member of the nomination committee of the company, all with effect from 16 August 2016. Mr. Poon is the chief financial officer and company secretary of Real Nutriceutical Group Limited. Mr. Poon has over 20 years of corporate finance and accounting experience. He is also an independent non-executive director of Trigiant Group Limited and Jiangnan Group Limited.