Ms. Choy Wing Man has tendered her resignation as independent non-executive director, chairman of the audit committee and member of the remuneration committee and nomination committee of CL Group (Holdings) Limited with effect from 30 June 2014. The Board announced that Mr. Poon Wing Chuen has been appointed as independent non-executive director, chairman of the audit committee and member of the remuneration committee and nomination committee of the company with effect from 30 June 2014. Mr. Poon is currently the chief financial officer of a real estate development company listed on the Stock Exchange.

Mr. Poon has over 20 years of experience in accounting and financial management. Mr. Poon did not hold any other directorship in any public listed companies in the last three years.