The board of directors of Pak Wing Group (Holdings) Limited announced that Mr. Kuo Tung Ming has resigned as an independent non-executive Director, a member of each of the audit committee and nomination committee, and the chairman of the remuneration committee of the company with effect from 20 January 2017 due to his other business commitments. The Board announced that Mr. Lau Yik Lok has been appointed as an independent non-executive Director, a member of each of the Audit Committee and Nomination Committee, and the chairman of the Remuneration Committee with effect from 20 January 2017. Mr. Lau, aged 54, has been a managing director of Excellent Network Limited since year 2010.