The board of directors of Global Link Communications Holdings Limited announced that Mr. Ma Yuanguang, due to rearrangement of duties by the Company, ceased to be the chief executive officer (the "CEO") of the Company but remains to hold the position of executive Director with effect from 27 November 2020. Mr. Ma Yuanguang has confirmed that he has no disagreement with the Board and there are no other matters in relation to his resignation as CEO that need to be brought to the attention of the shareholders of the Company or the Stock Exchange. The Board also announced that Mr. Wong Kin Wa has been appointed as the CEO with effect from 27 November 2020. He will also continue to serve as an executive Director and a member of the remuneration committee of the Company. Mr. Wong, aged 52, has been an executive Director of the Company since 26 May 2016. Mr. Wong is the authorized representatives and compliance officer of the Company, and also a director of a number of subsidiaries of the Company, namely First Asset Securitization Holding Limited, First Asset Securitization Limited, Guangzhou Global Link Intelligent Information Technology Co. Ltd. Global Link Intelligent Parking Investment Company Limited and Scapeway Limited. Mr. Wong has over 20 years of finance and marketing experience, in particular in the telecommunications industry in Hong Kong and Macau. Mr. Wong has been a non-executive director of Directel Holdings Limited, a listed company on the GEM of the Stock Exchange since 2009. He had been an executive director, the chief financial officer, the compliance officer and authorised representative of Goldstream Investment Limited, a listed company on the Main Board of the Stock Exchange before his resignation in December 2018. Before that, he was a manager of China-Hong Kong Telelink Company Limited from 1997 to 1999. Mr. Wong joined Denway Motors Limited (previously known as Denway Investment Limited), a company whose shares were formerly listed on the Main Board of The Stock Exchange, as the vice general manager in 1993. Mr. Wong obtained a diploma in auditing from Guangzhou Radio & TV University, the PRC, in 1988.