The Board of directors of EFT Solutions Holdings Limited announced that Mr. Chan Lung Ming (Mr. Chan) has resigned as the vice chairman and chief strategy officer (CSO) and will be re-designated from Executive Director to a non-executive Director of the company with effect from 1 February 2019. In respect of the aforesaid re-designation, the Board believes that it will benefit from Mr. Chan's contribution and advice in his new role as a non-executive Director. Mr. Chan, was appointed as a CSO of the Company in June 2017 and as the vice chairman of the Company and executive Director in September 2017. Mr. Chan is currently a director of investment banking at a corporation licensed to engage in type 1 (dealing in securities) and type 6 (advising on corporate finance) regulated activities under the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong). Mr. Chan was a director of China Oil Gangran Energy Group Holdings Limited (Stock code: 8132) from August 2013 to December 2016.