Well Way Group Limited announced that Mr. Lam Ka Wai, Graham has tendered his resignation as an independent non-executive Director with effect from 16 April 2014 due to the reason that he would like to devote more time to his other business commitment. Upon Mr. Lam's resignation, he also ceased to be a member of each of the audit committee and remuneration committee of the company with effect from 16 April 2014. Mr. Chung Koon Yan has tendered his resignation as an independent non-executive Director with effect from the conclusion of the board meeting held on 16 April 2014 due to the reason that he would like to have more time to pursue his own business. Upon Mr. Chung's resignation, he also ceased to be the chairman of each of the audit committee and the remuneration committee and a member of the nomination committee of the company with effect from the conclusion of the Board meeting held on 16 April 2014. Mr. Chan Wai Man has been appointed as an independent non-executive Director and the chairman of each of the Audit Committee and the Remuneration Committee and a member of the Nomination Committee with effect from 16 April 2014; and Mr. Chan Ho Bun, Steve has been appointed as an independent non-executive Director and a member of each of the Audit Committee and the Remuneration Committee with effect from 16 April 2014. Mr. Chan Wai Man is now an independent non-executive director of Sage International
Group Limited. Chan Ho Bun has over 27 years of experience in the field of electronics and computer products. He was the general manager of Strategic Product Division of Group Sense (International) Limited.