The board of directors of Sandmartin International Holdings Limited announced changes regarding the Board. Mr. Hung Tsung Chin (Mr. Hung) has resigned as the chairman of the company but remained as an executive Director and authorized representative of the company with effect from 18 August 2017. The Board further announced that Mr. Hung has been appointed as the chief executive officer of several subsidiaries of the company which mainly engaged in manufacturing and trading of the media entertainment platform related products, other multimedia products, integration of signal and traffic communication and satellite TV equipment and antenna.

Subsequent to the resignation by Mr. Hung as Chairman of the company, Mr. Lau Yau Cheung (Mr. Lau), has been appointed as the Chairman of the company with effect from 18 August 2017. Mr. Lau is an independent non-executive Director, a member and the chairman of the Nomination Committee and a member of each of the Audit Committee and the Remuneration Committee of the company since 7 August 2017. Ms. Chen Mei Huei has resigned as an executive Director and the chief executive officer of the company but remained as a director of several subsidiaries of the company and has been appointed as the chief executive officer in the satellite TV broadcasting business of the Group ("Satellite Broadcasting Service Business Division") with effect from 18 August 2017.

Mr. Frank Karl-Heinz Fischer has resigned as an executive Director but remained as the chief technology officer of the Group and a director of several subsidiaries of the company with effect from 18 August 2017. Mr. Liao Wen I has resigned as an executive Director with effect from 18 August 2017 due to his personal health reason. Mr. Kuo Jen Hao (Mr. Kuo), has been appointed as a non-executive Director with effect from 18 August 2017.

Mr. Kuo has over 6 years of experience in the area of financial advisory and corporate finance service including merger and acquisition from PricewaterhouseCoopers, Merrill Lynch Bank of America Corporation and Private Equity Management Group. Mr. Kuo has also served in various key roles of several private and listed companies over 8 years including but not limited to (i) the administrative and corporate business; (ii) corporate finance; and (iii) general management in real estate development business, shipping business, retailing business and logistics business. With effect from 18 August 2017, Mr. Wu Chia Ming has resigned as the chairman of the Audit Committee but remained as a member of the Audit Committee; and Mr. Li Chak Hung has been appointed as the chairman of the Audit Committee; Mr. Hung Tsung Chin has resigned as a member of the Nomination Committee and Mr. Li Chak Hung has been appointed as a member of the Nomination Committee; and Mr. Hung Tsung Chin has resigned as a member of the Remuneration Committee; Mr. Li Chak Hung has resigned as the chairman of the Remuneration Committee but remained as a member of the Remuneration Committee and Mr. Wu Chia Ming has been appointed as the chairman of the Remuneration Committee.

Mr. Chen Chien An (Mr. Chen) has resigned as the chief financial officer of the company but has been appointed as the consultant of the company to provide accounting consultancy services to the Group; and Mr. Yu Ming Jen (Mr. Yu) has been appointed as the chief financial officer of the company; both with effect from 18 August 2017. Mr. Yu, has more than 23 years of experience in corporate finance, financial and general management and investment banking specializing in equity and debt financing for companies. Prior to joining the Company, Mr. Yu was the vice president of the investment department of First Steamship from September 2014 to March 2017.