The board of directors of Master Glory Group Limited announced that Mr. Ho Tat Wang has been appointed as the chief executive officer of the company with effect from 3 September 2018. Mr. Ho, aged 50, is experienced in China and international accounting, audit, and merger and acquisition advisory services. The role of the chief executive of the Company is currently performed by the executive director and the chairman of the Company, Dr. Yap Allan. The Board has been evaluating such arrangement and considers that segregation of the roles of the chairman and the chief executive will ensure a balance of power and authority, as well as improving the effectiveness and management of the operations of the Group. Subsequent to the appointment of Mr. Ho as the Chief Executive Officer, Dr. Yap Allan will remain as the executive director and the chairman of the company.