The board of directors of Madison Holdings Group Limited announced that with effect from 7 March 2019, Mr. Ip Cho Yin J.P. ("Mr. Ip") has been re-designated as non-executive Director (the "NED"). Mr. Ip also resigned as a member of remuneration committee of the Company with effect from 7 March 2019. Mr. Ip Cho Yin J.P., aged 68, was an independent non-executive Director of the Company (the "INED") from 1 February 2017 to 7 March 2019.