The board of directors of CNC Holdings Limited announced that Mr. Hau Chi Kit (Mr. Hau) has tendered his resignation as an independent non-executive Director with effect from May 18, 2015 due to his other business commitments which require more of his attention and dedication. The Board also announced that The Hon. Ip Kwok Him, GBS, JP (The Hon.

Ip) has been appointed as an independent non-executive Director with effect from May 18, 2015. The Hon. Ip Kwok Him, GBS, JP is a member of the Legislative Council of the Hong Kong Special Administrative Region (HKSAR) representing the District Council (The First) functional constituency and a member of the Democratic Alliance for the Betterment and Progress of Hong Kong (DAB).

Following Mr. Hau's resignation as an independent non-executive Director, he also ceased to be a member of the audit committee of the company, a member of the nomination committee of the company and a member of the remuneration committee of the company, all with effect from May 18, 2015. The Board further announced that The Hon. Ip has been appointed as a member of the Audit Committee, a member of the Nomination Committee and a member of Remuneration Committee, all with effect from May 18, 2015.