The board of directors of EFT Solutions Holdings Limited announced that the Board has resolved on 29 June 2017 to appoint Mr. Chan Lung Ming as an executive Director and a vice chairman of the company with effect from 1 September 2017. The company will enter into a service agreement with Mr. Chan for the appointment of him as executive Director and vice chairman of the Company and his appointment will be subject to retirement by rotation and re-election in accordance with the provisions of the articles of association of the Company upon the effective date of his appointment.