The Grande Holdings Limited, Board announced that Mr. Kenneth Raymond Deayton has resigned as an independent non-executive director and as chairman of the audit committee of the company, effective 25 July 2016 following the annual general meeting of the company held on the same day as the company. The Board also announced that Mr. Lau Ho Kit, Ivan has been appointed as an independent non-executive director and the chairman of the audit committee of the company, effective 25 July 2016 until the first general meeting of the shareholders of the company after his appointment. Mr. Lau is currently an independent non-executive director of CCT Land Holdings Limited and Singamas Container Holdings Limited. He is also an independent non-executive director of Glory Mark Hi-Tech (Holdings) Limited. Mr. Lau has entered into a letter of appointment with the company for an initial term of one year commencing from 25 July 2016, and his appointment is subject to re-election at the first general meeting of the shareholders of the Company after his appointment under the bye- laws of the Company.