The Board of Directors of Chong Hing Bank Limited announced that Mr. Liu Lit Chi has retired as chief executive officer, now holding the title of 'deputy chairman and managing director'; Mr. Lau Wai Man has been appointed chief executive officer with the consent of Hong Kong Monetary Authority, now holding the title of 'executive director and chief executive officer'; and Mr. Tsang Chiu Wing and Mr. Wong Har Kar, both having resigned on December 31, 2012 as executive directors, have both been appointed deputy chief executive officers with the consent of Hong Kong Monetary Authority. The changes have all taken effect immediately.