Earnest Investments Holdings Limited announced that At the AGM held on May 26, 2017, Mr. CHAN Chak Paul and Mr. CHAN Francis Ping Kuen did not offer themselves for re-election due to their personal commitments on their other business and accordingly retired as an executive director of the Company and an independent non-executive director of the Company, respectively, upon the conclusion of the AGM. At the same time, Mr. Paul CHAN ceased to be the chairman of the Board and the chairman of nomination committee of the Board and one of the authorized representatives of the company. The Board announced that Mr. SUN Bo has been appointed as the chairman of the Board with effect from the conclusion of the AGM.