i-CABLE Communications Limited announced that Mr. Stephen Tin Hoi Ng will resign as executive Director, chief executive officer of the company, and chairman of the board, Mr. Paul Yiu Cheung Tsui will resign as non-executive Director; and Mr. Patrick Yung Wei Wu will resign as independent non-executive Director. The company also announced Tan Sri Dato' David Chiu, Dr. Cheng Kar-Shun, Henry, Dr. Cheng Chi-Kong, Adrian, Mr. Tsang On Yip, Patrick and Mr. Hoong Cheong Thard will be appointed as non-executive Director, and Tan Sri Dato' David Chiu and Dr. Cheng Kar-Shun, Henry will be appointed as chairman and vice-chairman of the board respectively, Mr. Andrew Wah Wai Chiu will be appointed as an executive Director; and Mr. Lam Kin-Fung, Jeffrey will be appointed as an independent non-executive Director. Mr. Hui Chung Ying Kevin ("Mr. Hui") has tendered his resignation as the company secretary of the company with effect from the Closing Date.

Mr. Hui has confirmed that he has no disagreement with the Board and there is no other matter that needs to be brought to the attention of the Shareholders or the Stock Exchange in respect of his resignation; and with effect from the Closing Date, Mr. Kwok Chi Kin will be appointed as the new company secretary of the company. Tan Sri Dato' David Chiu will be appointed as the chairman and a member of the nomination committee of the Board, and Mr. Lam Kin-Fung, Jeffrey will be appointed as a member of the Nomination Committee, each of Mr. Hoong Cheong Thard and Mr. Tang Sing Ming, Sherman will be appointed as a member of the audit committee of the Board, Mr. Lam Kin-Fung, Jeffrey will be appointed as the chairman and a member of the compensation committee of the Boad, and each of Tan Sri Dato' David Chiu and Mr. Hu Shao Ming, Herman will be appointed as a member of the Compensation Committee, following his resignation as an executive Director, Mr. Stephen Tin Hoi Ng will cease to be the chairman and a member of the Nomination Committee, following his resignation as a non-executive Director, Mr. Paul Yiu Cheung Tsui will cease to be a member of the Audit Committee, and following his resignation as an independent non-executive Director, Mr. Patrick Yung Wei Wu will cease to be a member of each of the Audit Committee and the Nomination Committee, and the chairman and a member of the Compensation Committee. Tan Sri Dato' David Chiu is a prominent businessman with over 30 years' experience in the property development and extensive experience in the hotel development.

Dr. CHENG Kar-Shun, Henry is the chairman and executive director of New World Development Company Limited, NWS Holdings Limited and Chow Tai Fook Jewellery Group Limited, the chairman and non-executive director of New World Department Store China Limited, Newton Resources Ltd. and FSE Engineering Holdings Limited, an independent non-executive director of HKR International Limited and Hang Seng Bank Limited, and a non-executive director of SJM Holdings Limited, all of them are listed public companies in Hong Kong. Dr. CHENG Chi-Kong is the executive vice-chairman and general manager of New World Development Company Limited. Dr. Adrian Cheng is an executive director of New World Department Store China Limited and Chow Tai Fook Jewellery Group Limited and a non-executive director of Giordano International Limited, all being listed public companies in Hong Kong.

Mr. Andrew Wah Wai CHIU is the founder and the executive chairman of Land Pacific Limited, Deacon House International Limited and Ariana Social Community Limited. Mr. TSANG On Yip, Patrick is a director and chief executive officer of Chow Tai Fook Enterprises Limited. Mr. Tsang is an executive director of Melbourne Enterprise Limited and UMP Healthcare Holdings Limited, a non-executive director of Greenheart Group Limited and Integrated Waste Solutions Group Holdings Limited, all of which are listed public companies in Hong Kong.

Mr. Tsang is also a director of Cheng Yu Tung Foundation Limited and Chow Tai Fook (Holding) Limited and the governor of Chow Tai Fook Charity Foundation Limited. Mr. HOONG Cheong Thard is an executive director of FECIL since August 2012. He joined FECIL in September 2008 as the managing director.

He is responsible for the formulation and implementation of FECIL's overall strategies for development. Mr. LAM Kin-Fung, Jeffrey has over 30 years of experience in the toy industry and is currently the managing director of Forward Winsome Industries Limited which is engaged in toy manufacturing. Mr. Lam is an independent non-executive director of Chow Tai Fook Jewellery Group Limited, C C Land Holdings Limited, China Overseas Grand Oceans Group Limited, Wynn Macau, Limited and HNA Holding Group Company Limited (formerly known as HNA International Investment Holdings Limited), all of which are listed public companies in Hong Kong.