The board of directors of SMI Holdings Group Holdings Limited announced that Mr. Chow Kin Ming and Mr. Chui Sze Kai Cecil are appointed as executive directors of the Company with effect from 2 April 2019. Before joining the Company, Mr. Chow was the Chief Financial Officer of NOVAEX Cultural Development Group. Mr. Chui has over 24 years of experience in financial and corporate management. The Board announced that Dr. Lo Wing Yan William has resigned as executive Director and the chairman of the Board, and accordingly the members of Nomination Committee and Remuneration Committee with effect from 1 April 2019 as Dr. Lo has considered his position with the Company and at the same time his appointment as an Independent Non-Executive Director of Television Broadcast Limited, which is a holder of the Company's straight bond and convertible bond, may implicate conflict of interest. After the resignation of Dr. Lo, Kenneth Jack Shang, Executive Director, was appointed as members of the Nomination Committee and Remuneration Committee respectively.