The Board of Directors of Ernest Borel Holdings Limited announced that Mr. Lo Chi Chiu has tendered his resignation to the Board as an independent non-executive director, a member of the audit committee, remuneration committee and nomination committee of the Company with effect from 22 December 2017 in order to devote more time to his other business commitments. The Board announced that Ms. Chan Lai Wa has been appointed as an independent non-executive Director, a member of the audit committee, remuneration committee and nomination committee of the company with effect from 22 December 2017. Ms. Chan is currently the owner and director of an accounting and taxation consultancy firm in Hong Kong. Ms. Chan has been a committee member of The Chinese People's Political Consultative Conference Jiangxi Province since 2012 and committee member of CPPCC Fuzhou Province since 2006. Ms. Chan is the financial officer of World Federation of Fuzhou Associations Ltd. and is also the deputy secretary general of Hong Kong Federation of Fujian Associations.