The Board of Directors of Dah Sing Financial Holdings Limited announced that Lon Dounn resigned as an Independent Non-Executive Director of the Company with effect from 31 December 2018. Following his resignation, Dounn also ceased to act as a member of the Audit Committee of the Company. Dounn stepped down from the Boards of the Company and Dah Sing Bank, Limited, an indirect subsidiary of the Company. Mr. Dounn stepped down from the Boards of the Company and Dah Sing Bank, Limited, an indirect subsidiary of the Company, after serving as an INED of various entites of the Dah Sing Financial Group for 8 years, as it would be too strenuous for him to continue to travel from New York where he is based to attend board meetings at least four times a year in Hong Kong.