The Board of LEAP Holdings Group Limited announced that with effect from 16 November 2017, Mr. Chan Wing Chung has resigned as an executive Director and the vice chairman of the Board; Ms. Tung Ah Pui Athena, Mr. Chan Chiang Kan, Mr. Mui Wai Sum and Mr. Yip To Chun have resigned as executive Directors; Mr. Feng Zhidong, Mr. Ho Ho Ming and Mr. Cheung Kwok Yan Wilfred have resigned as independent non-executive Directors. The resignation of the Directors was due to change in control of the Company after close of the Offer. Each of the resigning Directors has confirmed that he/she has no disagreement with the Board and there are no matters in respect of his/her resignation that need to be brought to the attention of the Shareholders. Mr. Ip Ying Chau, who is an existing executive Director, the chairman of the Board and the chief executive officer of the Company, remains in these positions. The Board announced that Mr. Cheng Yuk has been appointed as an executive Director; and Mr. Chan Chun Yiu Thomas, Mr. Chan King Chung and Mr. Li Zhouxin have been appointed as independent non-executive Directors with effect from 16 November 2017. During January 1994 to June 2013, Mr. Cheng worked with various top-tier banks in Hong Kong and mainland China, including but not limited to Deutsche Bank AG, Credit Suisse (Hong Kong) Limited, Lehman Brothers Asia Holdings Limited, Hang Seng Bank Limited and Royal Bank of Scotland (China) Co. Ltd. Royal Bank of Scotland (China) Co. Ltd. in June 2013 to present, Mr. Cheng sets up investment management firms in Shanghai and a technology firm in Zhe Jiang Province, China. In February 2017, Mr. Thomas Chan, joined International Entertainment Corporation. He is currently employed as the group general counsel of International Entertainment Corporation. He is also a director of various subsidiaries of International Entertainment Corporation incorporated in Hong Kong and British Virgin Islands. Mr. Chan is an independent non-executive director of Coolpad Group Limited and the chairman of the audit committee, member of remuneration committee and member of the nomination committee of Coolpad Group Limited. From December 2010 to November 2011, Mr. Li served as finance manager at a company listed on the main board of NASDAQ. Mr. Li is currently the vice chairman of the 8th Executive Committee of the Youth Business Association of Fujian Province. With effect from 16 November 2017, the composition of the Board committees has been changed as follows: Mr. Cheung Kwok Yan Wilfred has resigned as the chairman and a member of the audit committee of the company; and Mr. Feng Zhidong and Mr. Ho Ho Ming have resigned as members of the Audit Committee. Mr. Chan has been appointed as the chairman and a member of the Audit Committee; and Mr. Thomas Chan and Mr. Li have been appointed as members of the Audit Committee. Mr. Ip has resigned as the chairman and a member of the nomination committee of the company; and Mr. Feng Zhidong and Mr. Ho Ho Ming have resigned as members of the Nomination Committee. Mr. Li has been appointed as the chairman and a member of the Nomination Committee; and Mr. Thomas Chan and Mr. Chan have been appointed as members of the Nomination Committee. Mr. Feng Zhidong has resigned as the chairman and a member of the remuneration committee of the Company; and Mr. Ip and Mr. Ho Ho Ming have resigned as members of the Remuneration Committee. Mr. Thomas Chan has been appointed as the chairman and a member of the Remuneration Committee; and Mr. Cheng and Mr. Chan have been appointed as members of the Remuneration Committee.