The board of directors of Enerchina Holdings Limited announced that Mr. Chen Wei has resigned as an executive director of the company, chairman of the Board and a member of remuneration committee of the company with effect from 5 April 2017 to enable him to devote more time to his other business commitments and opportunities. Mr. Chen confirmed that he has no disagreement with the Board and there is no other matter relating to his resignation as a director of the company that need to be brought to the attention of the shareholders of the company. Following the resignation of Mr. Chen from the aforementioned positions, Mr. Sam Nickolas David Hing Cheong, an Executive Director and chief executive officer of the company, has been appointed as the acting Chairman with effect from 5 April 2017. The appointment of Mr. Sam as the CEO and the acting Chairman is a deviation from the. The company may look for a suitable candidate to take up the role of Chairman and will make an announcement as and when appropriate. The Board further announced that Mr. Chow Chi Wah Vincent, an executive director of the Company, has been appointed as the managing director of the company with effect from 5 April 2017. The Board would like to take this opportunity to acknowledge the contributions of Mr. Sam and Mr. Chow and wish them every success in their new appointments.