The board of directors of Jia Meng Holdings Limited announced that Mr. Qin Yuquan, an existing executive director of the company, has been appointed as the chairman of the Board in place of Mr. Hung Cho Sing, with effect from 20 November 2017. Mr. Hung has tendered his resignation as the chairman of the Board with effect from 20 November 2017 but remains as an executive director of the company. The Board announced that Mr. Yim Yin Nang has resigned as an executive director of the company with effect on 20 November 2017 due to his personal commitments on his other business. Mr. Qin Yuquan is the founder and president of Guangzhou Geyu Home Appliance Limited. Previously, Mr. Qin was the general manager of Huge Fortune (Fo Gang) Wood Industries Limited from 2008 to 2012, and was the responsible officer of Jiangsu office of Shenzhen Hongji Investment and Development Limited from 2005 to 2007. He has over 10 years of experience in the furniture manufacturing and distribution industry.