The board of directors of SMI Holdings Group Holdings Limited announced that Mr. PAN Jen Kai was appointed as an executive director of the Company with effect from 9 March 2018. Mr. PAN, has over 18 years' experience in equity research, corporate finance, investment banking, assets management and listed companies. The Board of the Company announced that Mr. KOH Kok Sim has tendered his resignation as an executive Director of the Company and the Chief Operating Officer of the Company with effect from 9 March 2018. Mr. KOH confirms that his resignation is due to concentration on his other business commitment and he has no disagreement with the Board.