The board of directors of Zhi Cheng Holdings Limited announced that Mr. Yeung Kwong Wai had resigned as an independent non-executive Director, member of audit committee, nomination committee and remuneration committee of the company with effect from 16 March 2018 due to other business engagements which require more time and dedication. Mr. Yeung has confirmed that he has no disagreement with the Board and there is no matter regarding his resignation that needs to be brought to the attention of the shareholders of the company or The Stock Exchange of Hong Kong Limited.