Kantone Holdings Limited announced that, Mr. Lai has tendered his resignation as an executive director of the company, with effect from 3 October 2016 due to retirement. The company announced that Mr. Kan has tendered his resignation as a non-executive director of the company, with effect from 3 October 2016 due to retirement. Each of Mr. Lai and Mr. Kan has confirmed that he has no disagreement with the board and there are no other matters relating to their respective resignation that need to be brought to the attention of the shareholders of the company. The company announced that Mr. Cheng has been appointed as an executive director of the company and the chairman of the board, with effect from 3 October 2016. The company announced that Mr. Liu has been appointed as an executive director of the company, with effect from 3 October 2016.