The board of directors of Kwan On Holdings Limited announced that with effect from 23 April 2018 Mr. Gong Zhenzhi has been appointed as an Independent Non-executive Director and a member of the Audit Committee, the Risk Management Committee and the chairman of the Nomination Committee of the company, Ho Ho Ming has resigned as an Independent Non-executive Director and a member of the Audit Committee, the Risk Management Committee and the chairman of the Nomination Committee of the Company. February 2018 to Present, Mr. Gong working as President of the Industrial Research Institute, and the Associate Dean of the Business School of the Yangzhou University, China.