The board of directors of CNC Holdings Limited announced that Mr. Fan Chun Wah, Andrew, JP and Mr. Wu Guo Ming have been appointed as the independent non-executive Directors, and Mr. Law Cheuk Hung has been appointed as a non-executive Director, with effect from January 5, 2018. Mr. Fan is currently an independent non-executive director of Chuang's China Investments Limited, Sinomax Group Limited, Fulum Group Holdings Limited, Culturecom Holdings Limited and Nameson Holdings Limited, the shares of these five companies are listed on the Main Board of the Stock Exchange. Mr. Wu is currently the deputy general manager of Guangdong Ande Investment Company Limited. Mr. Wu also served as the director and deputy general manager of Guangdong Zhujiang Investment Company Limited from 2002 to 2003 and as the chairman and president of Guangdong Yingtong Network Investment Company Limited between 2003 and 2015. Mr. Law Cheuk Hung, aged 60, has been the administration manager of Tsun Yip Waterworks Construction Company Limited and Tsun Yip Civil Construction Company Limited since December 2012 and further been appointed as a director of TYW and TYC since November 2015. The board announced that with effect from January 5, 2018, Mr. Zou Chen Dong has ceased to be the compliance officer of the company. Ms. Tang Li, a non-executive Director, Mr. Wu and Mr. Law have been appointed as members of the audit committee of the company; Mr. Fan and Mr. Wu have been appointed as members of the Nomination Committee; Mr. Wan Chi Keung, Aaron, BBS, JP, an independent non-executive Director, has been appointed as the chairman of the remuneration committee the of the company, and Mr. Fan and Mr. Wu have been appointed as members of the Remuneration Committee; and Mr. Fan has been appointed as the chairman of the risk management committee of the company, and Mr. Wu and Mr. Wan have been appointed as members of the Risk Management Committee.