The board of directors of Zhi Cheng Holdings Limited announced that Ms. Chan Wing Yan, Carman had resigned as an independent non-executive director and chairman of nomination committee and members of audit committee and remuneration committee of the company with effect from November 21, 2017 due to other business engagements which require more time and dedication; and Dr. Zhang Wei has been appointed as chairman of remuneration committee and members of audit committee and nomination committee with effect from November 21, 2017.