The board of directors of Chevalier International Holdings Limited announced that Mr. Chow Vee Tsung, Oscar will be re-designated from an Executive Director to a Non-Executive Director and cease to be a member of each of the Executive Committee, the Remuneration Committee and the Nomination Committee of the company with effect from October 1, 2015 in order to devote more time on his personal engagements. Mr. Chow was appointed as an Executive Director of the company in 2004 and is also a director of certain companies of the group.