CK Asset Holdings Limited's board of directors announced that with effect from the conclusion of the annual general meeting of the Company held on May 10, 2018, Mr. Li Tzar Kuoi, Victor, who has worked at the CK Group for 33 years, to succeed as Chairman and member of the Remuneration Committee whilst continuing with his present role as the Managing Director and an Executive Director of the company. Mr. Victor Li joined the CK Group in 1985, and has been a Director of the company since January 2015, the Managing Director and an Executive Director of the company since February 2015 and the Chairman of the Executive Committee of the company since June 2015. Mr. Victor Li acted as the Deputy Chairman of the Company from February 26, 2015 to May 10, 2018.