The board of directors of Silver Base Group Holdings Limited announced that, Ms. Cheung Mei Sze retired by rotation at the annual general meeting of the company held on 18 August 2017 and did not offer herself for re-election. Accordingly, Ms. Cheung had ceased to act as an executive Director upon the conclusion of the AGM. Ms. Cheung will continue to serve as the head of finance of the group and a director of a subsidiary of the company following her retirement as an executive Director. To fill the vacancies of the remuneration committee and the compliance committee of the company arising from Ms. Cheung's retirement, the Board has appointed Ms. Chen Xiaoxu, an executive Director and the chief financial officer of the company, as member of the remuneration committee and member of the compliance committee of the company with effect from 18 August 2017.