The Board of Directors of Chuan Holdings Limited announced that Mr. Lee Cheung Yuet Horace has been appointed as an independent non-executive Director, chairman of the audit committee, a member of each of the remuneration committee and the nomination committee of the company with effect from 16 November 2017. Mr. Lee has over 13 years of experience in financial reporting, investment analysis, merge & acquisition exercises and business development. Mr. Lee has been taking up various senior positions in the financial and business sectors for over 7 years and he also has extensive experience in terms of Hong Kong listed companies. Mr. Lee is currently an independent non-executive director of Hybrid Kinetic Group Limited (stock code: 1188) which shares are listed on the main board of The Stock Exchange of Hong Kong Limited. The Board also announced that Mr. Chow Wing Tung has resigned as an independent non-executive Director and ceased to be the chairman of audit committee, a member of each of the remuneration committee and the nomination committee of the company with effect from 16 November 2017 to pursue his other career opportunities.