The Board of Midas International Holdings Limited announced that the Board has approved the appointments of Mr. Li Qing, Ms. Au Hoi Lee Janet and Ms. Zhang Feiyang as executive Directors, and Mr. Lam Chi Hung Louis, Mr. Hung Kin Man and Mr. Ho Man as independent non-executive Directors with effect immediately after the close of the Offer on 26 January 2018 in accordance with the requirements of the Takeovers Code, the Listing Rules and the articles of association of the Company. The Board also announced that resignations have been tendered by Mr. Richard Hung Ting Ho, Mrs. Candy Kotewall Chuang Ka Wai, Mr. Geoffrey Chuang Ka Kam, Mr. Neville Charles Kotewall and Mr. Wong Chi Sing as executive Directors, Mr. Dominic Lai as non-executive Director, and Mr. Abraham Shek Lai Him, Dr. Eddy Li Sau Hung and Mr. Yau Chi Ming as independent non-executive Directors. The resignations of Directors took effect immediately after the close of the Offer on 26 January 2018. With effect immediately after the close of the Offer on 26 January 2018, the compositions of the Board committees have been changed as follows: (i) Audit Committee - Mr. Abraham Shek Lai Him has resigned as the chairman of the Audit Committee, and Mr. Dominic Lai, Dr. Eddy Li Sau Hung and Mr. Yau Chi Ming have resigned as members of the Audit Committee. Mr. Ho Man has been appointed as the chairman of the Audit Committee, and Mr. Hung Kin Man and Mr. Lam Chi Hung Louis have been appointed as members of the Audit Committee. (ii) Remuneration Committee - Mr. Yau Chi Ming has resigned as the chairman of the Remuneration Committee, and Mr. Abraham Shek Lai Him and Mr. Dominic Lai have resigned as members of the Remuneration Committee. Mr. Lam Chi Hung Louis has been appointed as the chairman of the Remuneration Committee, and Mr. Ho Man and Ms. Zhang Feiyang have been appointed as members of the Remuneration Committee. (iii) Nomination Committee - Mr. Abraham Shek Lai Him has resigned as the chairman of the Nomination Committee, and Mr. Dominic Lai and Dr. Eddy Li Sau Hung have resigned as members of the Nomination Committee. Mr. Hung Kin Man has been appointed as the chairman of the Nomination Committee, and Mr. Ho Man and Ms. Au Hoi Lee Janet have been appointed as members of the Nomination Committee. (iv) Corporate Governance Committee - Mr. Richard Hung Ting Ho has resigned as the chairman of the Corporate Governance Committee, and Mrs. Candy Kotewall Chuang Ka Wai and Mr. Geoffrey Chuang Ka Kam have resigned as members of the Corporate Governance Committee. The Board announced that Ms. Lee Wai Ching has resigned as the Company Secretary with effect immediately after the close of the Offer on 26 January 2018, and Ms. So Yee Kwan has been appointed as the Company Secretary with effect immediately after the close of the Offer on 26 January 2018. Mr. Li Qing is currently the chairman of the board of directors of SFund International. Prior to joining SFund International, he worked as a deputy general manager and general manager in Lianyun Gangshi Runbang Zhiye Company Limited from January 2008 to January 2013. He was then the general manager and chairman in Hunan Huiyin Tianxing Private Equity Investment Fund Co. Ltd. from November 2014 to October 2016. Ms. Au Hoi Lee Janet is the investment director in SFund International since June 2017. Ms. Zhang Feiyang worked in the finance department in New Hope Liuhe Company Limited (formerly known as Sichuan New Hope Agribusiness Co. Ltd.) from July 2002 to October 2009. Mr. Lam Chi Hung Louis has been the managing director and founder of LR Construction Technologies Limited since August 2012 and the managing director and co-founder of LR Construction and Consultancy Limited since April 2012. He is also currently the managing director and co-founder of LR IOT Limited (formerly known as Alternative Turbine Technologies Limited) since May 2009. He is also currently an independent non-executive director of In Construction Holdings Limited. Mr. Hung Kin Man has been practising as a barrister in Hong Kong since 1992. Mr. Hung was a Deputy District Court Judge in Hong Kong in March 2015. Mr. Ho Man has been an independent non-executive director of Fu Shou Yuan International Group Limited since December 2013, an independent non-executive director of Shenzhen Form Syntron Information Company Limited since February 2012, an independent non-executive director of China Fire Safety Enterprise Group Limited since July 2015, a director of Shenzhen Daxiang United Space Construction Ltd. since October 2015, an independent non-executive director of Infinity Financial Group (Holdings) Limited since November 2016 and an independent non-executive director of Fantasia Holdings Group Co., Limited since November 2009.