The board of directors of Sitoy Group Holdings Limited announced that Mr. Huen Po Wah (Mr. Huen) had tendered his resignation as the company secretary of the company and Mr. Yeung Michael Wah Keung (Mr. Yeung) will step down as an authorize representative of the company with effect from November 15, 2016 and Mr. Lau Kin Shing, Charles (Mr. Lau) has been appointed as the company secretary the authorised representative and the process agent with effect from November 15, 2016 in place of Mr. Huen and Mr. Yeung respectively. Mr. Lau is the chief financial officer of the group and responsible for the group's overall financial management and reporting, internal control, risk management, day-to-day financial administration, and for supporting the development of the group's retail business.