The board of directors of Redco Properties Group announced that Mr. Chow Kwong Fai, Edward, JP has resigned as an independent non-executive Director and the chairman of the audit committee of the company with effect from 26 November 2019 as Mr. Chow wishes to devote more time on his personal endeavours. Effective 26 November 2019, Mr. Yip Tai Him, who is currently an independent non-executive Director, a member of Audit Committee and the chairman of the remuneration committee of the board, has been appointed as the chairman of the Audit Committee.