China Tontine Wines Group Limited announces the following changes to the members of the Board. Mr. Lam Yiu Por will, with effect from 17 November 2018, retire from his position as independent non-executive director of the Company upon expiry of his initial term of appointment with the Company. The reason for Mr. Lam's retirement and not to seek to renew his term of appointment with the Company is that he wishes to devote more time to his personal commitments. Following his retirement, Mr. Lam will cease to serve as the chairman of both the audit committee and the remuneration committee of the Board. Mr. Vincent Cheng (formerly known as Cheng Ka Fuk Vincent) will be appointed as independent non-executive director of the Company with effect from 17 November 2018. Following his appointment, Mr. Cheng will also serve as the chairman of both the audit committee and the remuneration committee of the Board. Mr. Cheng has years of experience in the fields of finance and accountancy. From December 1987 to September 2000, Mr. Cheng was employed with a financial planning firm and was promoted to chief accountant (Hong Kong) before he left. Mr. Cheng had been the independent non-executive director of Nanjing Sinolife United Company Limited from August 2013 to October 2018. He is currently the independent non-executive director of Flying Financial Service Holdings Limited.