The Board of Directors of China Candy Holdings Limited announced resignation of an Executive Director, change of Chief Executive Officer ("CEO"), appointment of Deputy CEO, change of Chief Financial Officer, change in composition of the Remuneration Committee of the company and change of the Compliance Officer of the company, as set out below. Ms. Hong Yinzhi ("Ms. Hong") has resigned as the Executive Director and CEO of the Company with effect from 19 September 2019. Accordingly, Ms. Hong has also ceased to be a member of the Remuneration Committee and Compliance Officer of the Company with effect from 19 September 2019. Mr. Wang Zhihong ("Mr. Wang") has resigned as CFO of the Company with effect from 19 September 2019. Mr. Wang Zhihong ("Mr. Wang") has resigned as CFO of the Company with effect from 19 September 2019. Ms. Yu Yanying ("Ms. Yu") has been appointed as CEO of the Company with effect from 19 September 2019. Ms. Xu Yanran ("Ms. Xu") has been appointed as Deputy CEO of the Company with effect from 19 September 2019. Ms. Yu has 20 years experience in the food manufacturing industry. She is currently the Deputy General Manager of the Company's food production subsidiary. She has spent the past 10 years managing various departments of the Company, including purchasing, production and human resources. Ms. Xu has worked as the Deputy General Manager of the Company's food production subsidiary for a year, and is currently the General Manager responsible for finance and sales. Ms. Xu is the daughter of Mr. Xu Jinpei, former chairman and former Executive Director of the Company and Ms. Hong.
Mr. Yip To Chun ("Mr. Yip"), being an existing executive Director, has been appointed that as CFO of the company with effect from 19 September 2019. Mr. Yip has extensive experience in corporate restructuring in a wide range of industries, including retail, property investment and development, trade and manufacturing. The said experience in restructuring includes restructuring of listed companies in Hong Kong, operational restructuring of private corporates, establishing and implementing schemes of arrangement, investigatory assignments and realisation of non-performing assets. He was an executive director of Leap Holding Group Limited from July 2017 to November 2017. Ms. Yvonne Hung, being an existing executive Director, has been appointed as a member of the Remuneration Committee and the Compliance Officer of the Company with effect from 19 September 2019.