The board of directors of Hop Fung Group Holdings Limited announced that Mr. Chau Suk Ming will be appointed as an independent non-executive director with effect from 1 January 2019 and will be appointed as a member of each of the audit committee, nomination committee and remuneration committee of the Company with effect from 12 January 2019. Mr. Chau is a retired businessman with more than 15 years of experience in the paper ware manufacturing industry. He served as a sole proprietor of Lucky Bloom Paper Ware Fty from 1997 to 2002 and as a director of Dongguan Lucky Bloom Paper Ware Factory Limited from 2003 to 2012, each of which was principally engaged in the paper ware manufacturing business in Hong Kong and the People's Republic of China respectively. At the time of giving notice of his resignation, in order to devote more time to his other professional responsibilities, Mr. Yip Kwok Kwan will resign as an independent non-executive director and will cease to be a member of each of the audit committee and the remuneration committee and the chairman of the nomination committee of the Company with effect from 12 January 2019. Mr. Yip has confirmed that he has no disagreement with the Board and there is no other matter relating to his resignation that needs to be brought to the attention of the holders of securities of the Company or the Stock Exchange of Hong Kong Limited. With effect from 12 January 2019, Mr. Chee Man Sang, Eric, an independent non-executive director, will be appointed as the chairman of the nomination committee.