The board of directors of Chow Tai Fook Jewellery Group Limited announced that Mr. Koo Tong-Fat has tendered his resignation as a non-executive director of the company with effect from 1 January 2016. Mr. Koo will remain as a director of certain subsidiaries the group and devote more time in the external affairs and liaison of the group. The Board announced that Mr. Liu Chun-Wai, Bobby has been appointed as an executive director of the company with effect from 1 January 2016.

Mr. Liu, aged 41, joined the group in 1999 and had held a number of senior management positions. He is the general manager responsible for managing the Mainland China Management Centre and the director of certain subsidiaries. He has also been responsible for developing the group's e-commerce and high-end luxury jewellery business in Mainland China since 2010.

Mr. Liu is responsible for the business innovation of the group. The appointment of him as an executive director of the company will strengthen the consistent implementation of the strategic decisions made by the Board and further promote the flourishing of the group's business in the future.