The board of directors of RCG Holdings Limited announced that Mr. Tse Chin Pang has been appointed as independent non - executive director of the company and the chairman of the remuneration committee of the Company and a member of the audit committee and nomination committee of the Company with effect from 1 July 2015. Mr. Zeng Min has resigned as independent non - executive director of the Company and ceased to be the chairman of the remuneration committee of the Company, a member of audit committee and nomination committee of the Company with effect from 30 June 2015.