The board of directors of CNC Holdings Limited announced that The Hon.Ip Kwok Him, GMB, GBS, JP has tendered his resignation as an independent non-executive Director, the chairman of the risk management committee of the company and a member of each of the audit committee, the remuneration committee and the nomination committee of the company, all with effect from 4 January 2018 due to his other business commitments which require more of his attention and dedication. The Hon. Ip has confirmed that he has no disagreement with the Board and there is no other matter that needs to be brought to the attention of the stock exchange of Hong Kong Limited.