The board of directors of JC Group Holdings Limited announced that Mr. Lui Hung Yen has resigned as an executive Director with effect from 1 January 2015, due to the need to devote more time to pursue his other business commitments. The Board further announced that Mr. Law Yiu Sing has resigned as an independent non-executive Director, the chairman of the audit committee, the chairman of the remuneration committee and a member of the nomination committee of the company with effect from 1 January 2015, due to the need to devote more time to pursue his other business commitments. The Board announced that Mr. Pao Ping Wing has been appointed as an independent non-executive Director with effect from 1 January 2015.

Pao Ping Wing, aged 67, obtained a master's degree in Science of Human Settlements Planning and Development from the Asian Institute of Technology in Thailand, Bangkok. Ms. Wong Wai Ling has resigned as a member of the Remuneration Committee with effect from 1 January 2015. Following the resignation of Mr. Law and Ms. Wong, Ms. Kwong Ka Ki, who is an independent non-executive Director and a certified public accountant of the Hong Kong Institute of Certified Public Accountants, has been re-designated as the chairman of the Audit Committee and appointed as a member of the Remuneration Committee with effect from 1 January 2015 and Mr. Pao has been appointed as the chairman of the Remuneration Committee and a member of the Audit Committee and the Nomination Committee with effect from 1 January 2015.