The board of directors of Jia Meng Holdings Limited announced that with effect from September 21, 2016, Mr. Fung Kam Man (‘Mr. Fung’) resigned as independent non-executive director, the chairman of the remuneration committee, a member of each of the audit committee and nomination committee of the board due to the need to devote more time for his other business commitment. Mr. Fung has confirmed that he has no disagreement with the Board. Ms. Lai Mei Kwan has been appointed as independent non-executive director, the chairman of the remuneration committee, a member of each of the audit committee and nomination committee of the board. Ms. Lai graduated from King's College London in 2009 with a Bachelor's Degree of Science in Business Management. Ms. Lai has worked with several major banks and a securities firm in Hong Kong and she has gained solid experience in private banking and financial services. Ms. Lai is an executive director of CCT Land Holdings Limited since May 2015.