The Board of DaChan Food (Asia) Limited announced that with effect from 1 January 2019: Mr. Han Jia-Hwan will resign as the chairman of the Board, a member of the Remuneration Committee and the chairman of the Executive Committee, and will be re-designated from an executive Director to a non-executive Director for personal reasons; and Mr. Harn Jia-Chen will be re-designated from a non-executive Director to an executive Director, and will be appointed as the chairman of the Board, a member of the Remuneration Committee and the chairman of the Executive Committee, with effect from 1 January 2019. Mr. Han Jia-Hwan has not entered into a letter of appointment with the Company as at the date of this announcement for his re-designation as a non-executive Director. A letter of appointment is intended to be signed on or before 31 December 2018 with a service term of three years. However, he will be subject to retirement by rotation and re-election at the annual general meeting of the Company in accordance with the articles of association of the Company and the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.