The board of directors of Tingyi (Cayman Islands) Holding Corp. announced that Mr. Wu Chung-Yi has resigned as executive director of the Company with effect from 4 August 2017 in order to devote more of his time to his other business endeavours. The Board announced the appointment of Mr. Lin Chin-Tang as executive director of the Company from 4 August 2017. Mr. Lin Chin-Tang, is the senior executive assistant to the Chairman and the director of Tingyi-Asahi Beverages Co. Ltd. He joined the group in October 1995 as the Vice President of the Hangzhou Comely Foods International. Prior to his current appointment, he was the General Manager of Hangzhou Tingyi International Food Co. Ltd., General Manager of Hangzhou Tingjin International Food Co. Ltd., President of the beverage business, the Group's Chief Financial Officer and Vice President of the Group. Prior to joining the Group, he was the Manager of the Accounting Department of Nestle Taiwan Group, Director of Management Department and Chief Accountant for General Food, Taiwan and Guangzhou.