Cathay International Holdings Limited provided an update regarding the composition of the board of directors following the retirement of Mr. Lee Jin Yi announced on 31 October 2019. The Group's operations are led by the executive committee of the company comprising the executive members of the Board and certain senior managers. The Executive Committee implements matters approved by the Board, including corporate strategies and financial budgets, and oversees the operational management of the Group's subsidiaries. Mr. Wu Zhen Tao, Chairman, provides operational leadership of the Board and monitors the performance of the Executive Committee. Following Mr. Lee's departure, Mr. Wu has been re-designated as a non-executive director with effect from 20 December 2019. He remains the Chairman of the Board and a member of the audit committee and the chairman of the remuneration committee of the Company; but ceases to be member of the Executive Committee. The Board comprises Mr. Wu as non-executive Chairman together with Mr. Eric Siu, Finance Director, and Mr. Patrick Sung, Executive Director and Controller, and four non-executive directors, Mr. Stephen Burnau Hunt, Mr. Sum Soon Lim, Mr. Toong Ken Kwok and Dr. Chan Ching Har. The company also announced that Ms. Liu Xuezi, a member of senior management of the Company, and Mr. Yiu Chi Hung, the Company Secretary have been appointed as members of Executive Committee with effect from 20 December 2019. After such appointment, the Executive Committee consists of Mr. Eric Siu, Mr. Patrick Sung, Ms. Liu Xuezi and Mr. Yiu Chi Hung.