NWS Holdings Limited announced that Mr. Tsang Yam Pui, an executive director and the Chief Executive Officer of the company, is going to retire from all executive roles with the Group and he will be re-designated as a non-executive director of the company with effect from January 1, 2019. The company also announced that Mr. Ma Siu Cheung, an executive director and the Chief Operating Officer of the company, has been appointed as the Chief Executive Officer of the company to replace Mr. Tsang Yam Pui which shall take effect from January 1, 2019. Since then, he will no longer act as the Chief Operating Officer of the company.

The company also announced that Mr. Tsang Yam Pui will cease to be the Chairman and a member of the Sustainability Committee, and a member of the Executive Committee and the Remuneration Committee of the company all with effect from January 1, 2019. Furthermore, Mr. Ma Siu Cheung has been appointed as the Chairman of the Sustainability Committee of the company which shall take effect from January 1, 2019.