The board of directors of Tsui Wah Holdings Limited announced that Ms. Hong On Nei has resigned as the chief financial officer of the company with effect from 19 August 2016 to pursue her personal career development. Ms. Hong confirmed to the board that she has no disagreement with the board and there are no matters relating to her resignation that need to be brought to the attention of The Stock Exchange of Hong Kong Limited and the shareholders of the company. The board is identifying a suitable candidate to fill the vacancy following Ms. Hong's departure. In the interim, Mr. Yang Dong John, the company's current chief executive officer (Mainland China) and the former chief financial officer until December 2015, will be responsible for overseeing the Group's financial reporting functions and specific financial projects.