The board of directors of China First Chemical Holdings Limited announced that Mr. Lam Tak Yam has been appointed as an independent non-executive director and chairman of the audit committee of the Company with effect from 11 July 2019. Mr. Lam has many years of experiences in corporate advisory, restructuring and insolvency, mergers and acquisitions, due diligence, valuation, investigations, debt recovery, fund tracing, litigation support, forensic accounting and expert witness assignments involving operations in Hong Kong, China and abroad. Mr. Lam was at management level for different accounting firms and international firms responsible for various projects on acquisition and initial public offering.