The board of directors of Ares Asia Limited announced that due to other work commitments, Mr. Zheng Yong Sheng (Mr. Zheng) has tendered his resignation as an executive director of the company and ceased to act as the chairman of the Board, the chief executive officer of the company, an authorized representative of the company under the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and also the authorized representative of the company for accepting service of process and notices on behalf of the company in Hong Kong as required under the companies Ordinance (Chapter 622 of the Laws of Hong Kong) with effect from 27 December 2017. The board also announced that Mr. Ngan Hing Hon, the existing independent non-executive director, has been appointed as the Authorised Representative and the Process Agent with effect from 27 December 2017.