Ascent International Holdings Limited the board announced that with effect from 18 September 2017, Mr. Yau Pak Yue has been appointed as an independent non-executive director of the company, the chairman of each of the audit committee and the nomination committee and a member of the remuneration committee of the company. Mr. Yau, aged 48, He was the chief knowledge officer of Guangzhou Chengfa Capital Company Limited, a state-owned fund management company, from May 2015 to January 2017. Prior to that, he was the chief executive officer of Taiyang International Cold Chain (Group) Limited from March 2014 to July 2014, and a partner at Deloitte & Touche Financial Advisory Services Limited from June 2005 to November 2012. Resignation of Independent Non-Executive Director: The board announced that with effect from 18 September 2017, Mr. Ernst Rudolf Zimmermann has resigned as an independent non-executive Director, a member of each of the Audit Committee, Nomination Committee and Remuneration Committee, as he wishes to devote more time to his personal commitments. Mr. Zimmermann has confirmed that he has no disagreement with the Board and there are no other matters in relation to his resignation as an independent non-executive Director respectively which need to be brought to the attention of the shareholders of the company or the Stock Exchange. The board would like to express its sincere gratitude to Mr. Zimmermann for his valuable contributions to the company during his tenure of service. Change in Composition Of the Board Committees: Mr. Yau has been appointed as the chairman of each of the Audit Committee and the Nomination Committee and a member of the Remuneration Committee. Mr. Wong Yik Chung John has been re-designated as a member of Nomination Committee and Mr. Ng Man Fai Matthew has been re-designated as a member of Audit Committee. With Effect from 18 September 2017.