The board of directors of Milan Station Holdings Limited announced that with effect from July 22, 2015, Mr. Chan Chi Hung (Mr. Chan) and Mr. Tou Kin Chuen (Mr. Tou) has been appointed as an Independent Non-executive Directors. Mr. Chan is currently an executive director of EPI (Holdings) Limited, a non-executive director of Build King Holdings Limited and an independent non-executive director of South East Group Limited. Mr. Tou has over 16 years' experience in audit, taxation, company secretarial, insolvency and finance.

Mr. Tou is a member of the Hong Kong Institute of Certified Public Accountants and an associate of the Taxation Institute of Hong Kong. He is currently an independent non-executive director of Sun Century Group Limited. The Board also announced that Mr. Fan Chun Wah, Andrew (Mr. Fan) and Mr. Mui Ho Cheung, Gary (Mr. Mui) shall resign as an Independent Non-executive Directors with effect from August 1, 2015.

The Board further announced that with effect from July 2, 2015, Mr. Fan ceased to be the chairman of the Remuneration Committee and a member of the audit committee and the nomination committee of the Board; Mr. Mui ceased to be a member of the Audit Committee, the Remuneration Committee and the Nomination Committee; Mr. Chan has been appointed as a member of the Audit Committee, the Remuneration Committee and the Nomination Committee; and Mr. Tou has been appointed as the chairman of Remuneration Committee and a member of the Audit Committee and the Nomination Committee.