The board of directors of Man Wah Holdings Limited announced that with effect from 15 January 2020, for the purpose of pursuing his other personal commitment, Mr. Tsang Hoi Lam will resign as an Executive Director, a member of each of the remuneration committee and the nomination committee, the chief financial officer, the Company Secretary and the authorised representative pursuant to Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and the authorised representative of the Company pursuant to Part 16 of the Companies Ordinance of the company and all other directorships and positions held by Mr. Tsang within the Group or with associated companies of the Group in Hong Kong, Mainland China and elsewhere will cease accordingly. The Board further announces that it has resolved to appoint Ms. Yang Huiyan as an Executive Director, a member of each of the Remuneration Committee and the Nomination Committee and the Chief Financial Officer with effect from 15 January 2020. Ms. Yang had served as a deputy chief accountant for 10 years in Guangzhou Automobile Group Company Limited, the shares of which have been listed on both Shanghai Stock Exchange and the Main Board of the Stock Exchange of Hong Kong Limited. Prior to that, she served as an assistant manager in Ernst & Young Hua Ming (Shenzhen) from September 2003 to 2008. She received a double bachelor degree in Financial Management and English language and literature from Guangdong University of Foreign Studies in 2003. Ms. Yang is a senior member of the Chinese Institute of Certified Public Accountants. The board further announces that Ms. Fu Ying will be appointed as the Company Secretary and the Authorised Representative with effect from 15 January 2020. Ms. Fu, currently regional financial controller, received a bachelor's degree of Business Administration majoring in accounting and finance from The Hong Kong Polytechnic University in 2009. Ms. Fu is a member of the Hong Kong Institute of Certified Public Accountants. Prior to joining the Company, Ms. Fu was a financial manager of Hong Kong Television Network Limited, the shares of which are listed on the Stock Exchange from February 2017 to June 2019. Prior to that, she served as an audit manager in Deloitte Touche Tohmatsu from October 2014 to January 2017.