The Board of Directors of Courage Investment Group Limited announced that Mr. Pau Shiu Ming ("Mr. Pau") has been appointed as an Independent Non-executive Director of the Company and a member of the Audit Committee and the Nomination Committee with effect from 13 April 2018. Mr. Pau had held senior roles in various international banks and has extensive experience in the banking and finance industry. Mr. To Yan Ming, Edmond, an Independent Non-executive Director of the Company and a member of the Audit Committee, has been appointed as the Chairman of the Audit Committee with effect from 13 April 2018. With effect from 13 April 2018, Mr. To Yan Ming, Edmond ceased to be the Chairman of the Remuneration Committee but remains as a member of the Remuneration Committee and Mr. Pau has been appointed as the Chairman of the Remuneration Committee. Following the appointment of Mr. Pau, the Board comprises one Non-executive Director, three Executive Directors and three Independent Non-executive Directors.