The board of directors of SCUD Group Limited announced that the respective term of appointment for Dr. Ho Chung Tai Raymond as a non-executive Director and Dr. Wong Chi Wing as an independent non-executive Director shall expire on 16 June 2020 and the parties have mutually agreed not to extend as they intend to focus on their respective business commitments. The Board announced that Mr. Feng, an existing executive Director, has been appointed as the chairman of the Board replacing Dr. Ho with effect from 19 May 2020 in anticipation of the expiry of the term of appointment of Dr. Ho as a non-executive Director on 16 June 2020. The Board announced that Mr. Cheung Wai Kwok Gary has been appointed as an independent non-executive Director and the chairman of the nomination committee and a member of the audit committee, remuneration committee and corporate governance committee of the Board with effect from 19 May 2020 in anticipation of the expiry of the term of appointment of Dr. Wong as an independent non-executive Director on 16 June 2020. Following the appointment of Mr. Cheung as an independent non-executive Director as disclosed above, Mr. Cheung has been appointed as the chairman of the Nomination Committee and a member of the Audit Committee, Remuneration Committee and Corporate Governance Committee with effect from 19 May 2020 and Dr. Ho remains a member of the Remuneration Committee, Nomination Committee and Corporate Governance Committee and Dr. Wong remains a member of the Audit Committee, Remuneration Committee, Nomination Committee and Corporate Governance Committee until and including 16 June 2020.