The board of directors of CW Group Holdings Limited announced that with effect from 12 July 2017, resignation of Mr. Chan Hon Chung, Johnny from an independent non-executive Director of the Company in order to devote more time to and focus on his other business commitments. Upon his resignation, he ceased to be the chairman of the remuneration committee of the company and a member of the audit committee of the company. Mr. Liu Ji has been appointed as an independent non-executive Director of the Company, the chairman of the Remuneration Committee, and a member of the Audit Committee.