The Board of Directors of Hong Fok Corporation Limited, having considered the Nominating Committee's recommendation and assessment of Mr. Chan Pengee, Adrian's qualifications and experience, is satified that the appointment of Mr. Chan Pengee Adrian as Non-Executive Independent Chairman of the Board will be beneficial to the Board and the Company. Upon his appointment as Non-Executive Independent Chairman of the board, Mr. Chan Pengee, Adrian will remain as the Chairman of Nominating Committee, Member of Audit and Risk Management Committee and Remuneration Committee. The appointment date is March 1, 2019.