The board of directors of Celestial Asia Securities Holdings Limited announced that Mr. Tsui Wing Cheong Sammy, currently an executive director and deputy chief executive officer of the company, has been promoted to chief executive officer of the company with effect from January 2, 2014. He is in charge of the corporate development and management of the Group and will assist the Chairman of the Board in formulating the overall business strategy of the Group. Mr. Tsui joined the Group in October 2013.

He has been appointed as an executive director and deputy chief executive officer of the company since October 7, 2013. He will remain as an executive director of the company. Mr. Tsui has entered into a service contract with the company for a term of two years since the commencing of his directorship on 7 October 2013 and will continue thereafter until terminated by three months' notice in writing served by either party on the other.

Mr. Tsui is subject to the retirement by rotation and re-election pursuant to the bye-laws of the company. Due to the aforesaid promotion, Mr. Kwan Pak Hoo Bankee has relinquished his role as the chief executive officer of the company with effect from 2 January 2014. Mr. Kwan will remain as the Chairman of the Board and an executive director of the company.