The board of directors of Zhi Cheng Holdings Limited announced that Mr. Lien Wai Hung had resigned as chairman of the Board, executive Director of the company, member of nomination committee and member of remuneration committee with effect from 31 July 2018 due to devote more time to his other business commitments. Mr. Lien has confirmed that he has no disagreement with the Board and there is no matter regarding his resignation that needs to be brought to the attention of the shareholders of the company or The Stock Exchange of Hong Kong Limited.