Polytec Asset Holdings Limited board of directors announced the following changes of director and composition of board committees of the company: Mr. Siu Leung Yau has tendered his resignation as an Independent Non-executive Director with effect from 24 May 2017 due to his personal reasons. Accordingly, Mr. Siu has also ceased to be the chairman of the remuneration committee, the member of both of the audit committee and the nomination committee of the company with effect from 24 May 2017. The board announced that Dr. Tsui Wai Ling, Carlye, an INED of the company, has been appointed as the chairman of the RC, the member of both of the AC and the NC with effect from 24 May 2017 in replacement of Mr. Siu.