The board of directors of Integrated Waste Solutions Group Holdings Limited announced that Mr. Suen Wing Yip 'Mr. Suen' has given notice to resign as an Executive Director, Chief Executive Officer and the chairman of Executive Committee of the Company and other positions of the Group with effect from 1 December 2016 for pursuing his own career development. The Board is pleased to announced that re-designation of Mr. Lam King Sang from Chief Operating Officer to Chief Executive Officer with effect from 1 December 2016. Mr. Lam will also be the chairman of Executive Committee of the Company effective from 1 December 2016.

Mr. Suen's resignation, he will cease to act as the authorized representative of the Company and the authorized representative of the Company for accepting service of process and notices on behalf of the Company in Hong Kong. The Board also announces that Mr. Tam Sui Kin, Chris, Executive Director & Chief Financial Officer of the Company, has been appointed to act as Authorised Representative and Process Agent with effect from 1 December 2016. The Board would like to welcome Mr. Lam for his new position in the Company, and to express its sincere gratitude for the contribution that Mr. Suen has made to the Company during his tenure of services.

The Board wishes Mr. Suen every success in his future endeavours.