The board of directors of Milan Station Holdings Limited announced that with effect from 13 April 2017, Mr. Yiu Kwan Tat the chairman and executive director (ED) of the Company, has resigned as an ED for a retirement life. Accordingly, Mr. Yiu will also cease to be the chairman of the Company and Mr. Yiu Kwan Wai, Gary, an ED of the Company, has resigned as ED as he intends to concentrate his effort on the business operation of the Group. Accordingly, Mr. Gary Yiu will also cease to be the Managing Director of the Company. After his resignation, Mr. Gary Yiu will remain as a director of certain subsidiaries of the Company. The Board further announced that with effect from 13 April 2017, Mr. Yiu ceased to be the chairman of the nomination committee and a member of the remuneration committee of the Board and Mr. Hu Bo, an ED of the Company, has been appointed as the chairman of Nomination Committee and a member of the Remuneration Committee.