At the AGM held on June 9, 2017, Neway Group Holdings Limited announced that Lui Lai Ping, Cecily has retired by rotation as an independent non-executive Director at the 2017 AGM in accordance with the Bye-laws and did not offer herself for re-election as she intended to devote more time to her other business affairs. Upon her retirement, Lui also ceased to act as a member and the chairman of the audit committee of the Board and a member of the remuneration committee of the Board. Lee Kwok Wan, an independent non-executive Director and a member of the Audit Committee, was appointed as the chairman of the Audit Committee in place of Lui.