The board of directors of Jia Meng Holdings Limited announced that with effect from 22 August 2015, each of Mr. NG Yat Cheung, JP and Mr. ZHU Xiaobing will resign as an independent non-executive Director due to his other career commitments which requires more of his time. The board announced that with effect from 22 August 2015, Mr. AU-YEUNG Hau Cheong will be appointed as an independent non-executive director. Mr. Au-Yeung, aged 67, has extensive experience in property leasing industry since 1970.

From March 1970 to December 2004, Mr. Au-Yeung worked at Sun Hung Kai Real Estate Agency Limited and his last position was general manager at the leasing department. Following the resignation of each of Mr. Ng and Mr. Zhu, the board announced that with effect from 22 August 2015, (i) Mr. Ng will cease to be the chairman of the remuneration committee of the board and a member of each of the audit committee of the board and the nomination committee of the board; and (ii) Mr. Zhu will cease to be the chairman of the Nomination Committee and a member of each of the Audit Committee and the Remuneration Committee. The board announced that (i) Mr. Au-Yeung will be appointed as the chairman of the Nomination Committee and a member of each of the Audit Committee and the Remuneration Committee; and (ii) Mr. FUNG Kam Man, an independent non-executive Director, will be appointed as the chairman of the Remuneration Committee, in each case, with effect from 22 August 2015.