The Board of Directors of Courage Investment Group Limited announced that Mr. Lai Ming Wai resigned as an Executive Director of the Company and ceased to be the Chairman of the Board due to his other personal engagements which require more of his dedications, and Mr. Sue Ka Lok a Non-executive Director of the Company, has been re-appointed as the Chairman of the Board, both with effect from 28 February 2018. However, Mr. Lai will remain as a director of various subsidiaries of the Company to ensure a smooth transition of his duties. Mr. Sue, aged 52, joined the Company in October 2015 as an Executive Director and was the Chairman of the Board until 19 October 2017 when he was re-designated as a Non-executive Director. Mr. Sue is a member of the Nomination Committee and a director of various subsidiaries of the Company.