Edvance International Holdings Limited announced that Lee Francis Sung Kei have mutually agreed that Lee shall cease to act as the Chief Executive Officer of the Company but will remain as an executive Director of the company. The company appointed Liu Yui Ting Raymond as the Chief Executive Officer. Liu was appointed as the Chairman and re-designated as an executive Director of the Company on 21 November 2016. Apart from his appointment as the Chief Executive Officer as disclosed in this announcement, he is at the same time the chairman of investment committee, and a member of the remuneration committee and the nomination committee of the Board. He is also one of the founders of the Group and has been a director of certain subsidiaries of the company.