Casablanca Group Limited announced Mr. Kam Leung Ming will retire and has decided not to seek for re-election as an Independent Non-executive Director at the forthcoming annual general meeting of the Company to be held on 26 May 2017. Mr. Kam will cease to be an Independent Non-executive Director, the chairman of the Remuneration Committee and a member of each of the Audit Committee and the Nomination Committee of the Company, all with effect from the conclusion of the AGM; and Mr. Leung Yiu Man will retire and has decided not to seek for re-election as an Independent Non-executive Director at the AGM due to his other engagements. Mr. Leung will cease to be an Independent Non-executive Director and a member of each of the Audit Committee, the Remuneration Committee and the Nomination Committee of the Company, all with effect from the conclusion of the AGM. The board announced that Dr. Cheung Wah Keung and Mr. Chow On Wa have been proposed for election as Independent Non-executive Directors. Subject to the election by the Shareholders at the AGM, Dr. Cheung will also be appointed by the Board as the chairman of the Remuneration Committee and a member of each of the Audit Committee and the Nomination Committee of the Company, all with effect from the conclusion of the AGM; Mr. Chow will also be appointed by the Board as a member of each of the Audit Committee, the Remuneration Committee and the Nomination Committee of the Company, all with effect from the conclusion of the AGM. Dr. Cheung, aged 56, is currently the chairman of each of Shinhint Group and Tai Sing Industrial Company Limited. Mr. Chow, aged 55, holds a bachelor degree in engineering from University of Manchester in the United Kingdom. He is currently the director of JTF Development Limited which provides professional management and investment consulting services to various clients.