The board of directors of United Food Holdings Limited announced that Mr. Wang Tingbao (‘Mr. Wang'), an executive director and chief executive officer, has resigned with effect from September 8, 2017. Accordingly, Mr. Wang will cease as deputy chairman of the company. The composition of the board committees remains unchanged.

The company is in the process of restructuring its business to improve shareholder value as disclosed in previous announcements. In line with that restructuring, the company is also repositioning the Group's executives to ensure its management aligns with the business development strategy of the Group. As part of the process, the Group is planning to appoint a Chief Marketing Officer and will update the shareholders in due course.