The Board of Quali-Smart Holdings Limited announced that Mr. Chu, Raymond has been appointed as an executive Director of the company with effect from November 27, 2015. The Board of the company announced that Mr. Wang Zhao has resigned as a non-executive Director of the company with effect from November 27, 2015 in order to dedicate more time to his other businesses and investments. Mr. Chu, is currently the chief executive officer and a director of Crosby Securities Limited.

He also served as the independent non-executive Director of the company since its listing until 5 July 2015. He possesses over 20 years of experience in the financial industry. He was previously the managing director and head of sales and trading division of Guosen Securities (Hong Kong).