The board of directors of Jia Meng Holdings Limited announced that with effect from May 23, 2016, Mr. Yim Yin Nang resigned as the Chairman of the Board but will remain as an executive Director; Mr. Hung Cho Sing has been appointed as an executive Director and the Chairman of the Board; Mr. Chan Wai Cheung, Admiral has resigned as an independent non-executive Director, the chairman of the audit committee, a member of each of the remuneration committee and nomination committee of the Board due to his other business engagements and commitments; and Mr. Chan Chun Wing has been appointed as an independent non-executive Director, the chairman of the audit committee, a member of each of the nomination committee and remuneration committee of the Board. Mr. Hung is mainly responsible for the business development of the Group. He has over 30 years of experience in the film distribution industry. Currently, Mr. Hung is an independent non-executive director of China Star Entertainment Limited, an independent non-executive director of Freeman Financial Corporation Limited, an independent non-executive director of Unity Investments Holdings Limited, an independent non-executive director of Sunrise (China) Technology Group Limited, an independent non-executive director of Miko International Holdings Limited and executive director of Universe International Holdings Limited. Mr. Chan is a fellow member of the Hong Kong Institute of Certified Public Accountants. He is now a partner and shareholder of a sport equipment manufacturing and trading company in Hong Kong. He was appointed for an initial term of 3 years commencing from May 23, 2016 subject to retirement by rotation and re-election at the annual general meeting of the company at least once every three years in accordance with the articles of association of the Company.