The board of directors of Mega Expo Holdings Limited announced that with effect from 9 March 2017, (i) Mr. Lu Linyu ("Mr. Lu") has been appointed as an executive Director; (ii) Mr. Deng Zhonglin ("Mr. Deng") has been appointed as a chief executive officer of the company ("CEO"); and (iii) Mr. Tsang Wing Ki ("Mr. Tsang") has been appointed as an independent non-executive Director, chairman of the audit committee of the Board (the "Audit Committee") and member of the remuneration
committee of the Board (the "Remuneration Committee"). Mr. Lu has held the directorship and senior management positions in Shanghai Dingli Technology Development (Group) Co., Ltd, Shanghai Broadband Technology Co. Ltd. and Guanghe Landscape Culture Communication Co. Ltd. Mr. Lu has also held senior management positions in a number of private companies. He was an executive director of Chinese Energy Holdings Limited, from 6 January 2015 to 14 August 2015 and an independent non-executive director of Global Energy Resources International Group Limited, from 17 December 2015 to 14 November 2016. He is a chief operating officer of the company since 15 August 2015. Mr. Tsang has over 22 years of experience in finance, accounting and auditing. He was an independent non-executive director of Unity Investments Holdings Limited from September 2004 to October 2014, and a financial controller from May 2005 to May 2013 and an executive director from August 2008 to December 2011 of Noble Jewelry Limited. The Board announced that with effect from 9 March 2017, (i) Mr. Sun Sizhi ("Mr. Sun") resigned as an executive Director and CEO; and (ii) Mr. Yeung Chun Yue, David ("Mr. Yeung") resigned as an independent non-executive Director, chairman of the Audit Committee and member of the Remuneration Committee due to their personal commitments on their own businesses.