The board of directors of Hong Kong Television Network Limited announced that, with effect from 1 December 2016, Ms. To Wai Bing, will be re-designated as a Non- executive Director of the company as she concentrate on her other interests. Following her re-designation, Ms. To will resign as the Chief Executive Officer of the company with effect from 1 December 2016. Ms. To will also step down as a member of the Executive Committee of the company with effect from 1 December 2016 as she takes up the post of Non-executive Director of the company.

Upon Ms. To's resignation of Chief Executive Officer, Mr. Cheung Chi Kin, Paul, an Executive Director and the Vice Chairman of the Company, will be appointed as the Chief Executive Officer with effect from 1 December 2016.