The board of directors of Kingboard Chemical Holdings Limited announced that Mr. Tse Kam Hung has resigned as an independent non-executive director, the chairman and a member of the audit committee, and a member of the remuneration committee and the nomination committee of the Company with effect from July 1, 2016 as he would like to devote more time to his other commitments. The Board also announced that Dr. Chong Kin Ki has been appointed as an independent non-executive director, the chairman and member of the remuneration committee, and a member of the audit committee and nomination committee of the Company with effect from July 1, 2016. The Board announced that Mr. Cheung Ming Man, an independent non-executive director of the Company, has been appointed as the chairman of the audit committee of the Company with effect from July 1, 2016. He will cease to be the chairman of the remuneration committee of the Company but will remain as a member of the committee.