Ho Wah Genting Group Limited announced that effective March 1, 2017, Mr. Leong Yee Ming resigned as a director and as Chief Financial Officer and Chief Operation Officer of the Company. Effective March 1, 2017, immediately following Mr. Leong Yee Ming's resignation, the Company appointed Mr. Lim Chun Hoo as Chief Financial Officer and Chief Operation Officer of the Company. Effective March 1, 2017, immediately following Mr. Leong Yee Ming's resignation, the board of directors of the Company increased the number of directors comprising the Board from the previous level of three (3) directors to four (4) directors and appointed Mr. Liew Jenn Lim and Mr. Mok Lip Bin as directors of the Company.

Neither Mr. Liew Jenn Lim nor Mr. Mok Lip Bin are independent directors under the applicable standards of the SEC and the Nasdaq stock market.