The board of directors of Lerado Financial Group Company Limited announced that Mr. Mak Kwong Yiu has resigned the executive Director, the chairman of the Board, the chief executive officer of the company, the chairman of nomination committee of the company, member of remuneration committee of the company and director of certain subsidiaries of the company with effect from 22 December 2017 as he would like to devote more time to his personal commitments. The Board announced that Ms. Ho Kuan Lai has been appointed as an executive Director, the chairman of Nomination Committee and member of the Remuneration Committee with effect from 22 December 2017. Ms. Ho is currently an associate member of the Singapore Institute of Chartered Secretarial & Administrator.

She had been a non-executive director of Laura Ashley Holdings PLC between 17 June 2013 and 3 August 2014, and an executive director of CENERIC (HOLDINGS) LIMITED between 1 February 2010 and 7 October 2010 and previously held senior management position of sizable groups of companies in Malaysia and United Kingdom. Ms. Ho has abundant experience in company secretarial, corporate and general management.