The board of directors of TLT Lottotainment Group Limited announced that Mr. Lau Shu Yan has tendered his resignation as the independent non-executive Director and will, ipso facto, cease to be the chairman of the audit committee and the remuneration committee and also members of the audit committee, the remuneration committee and the nomination committee of the company with effect from 16 January 2014 as he would like to pursue other career development opportunity. The Board also announced that Mr. Yiu Yuen Kai and Mr. Liu Kwong Sang has been appointed as independent non-executive Directors with effect from 16 January 2014. Mr. Yiu had served as director in Sportstation, Olympic Square and Oi Man Bookshop in pass 10 years. Mr. Yiu has over 30 years experience in marketing sales, employee training and sales management. Mr. Liu is currently an independent non-executive directors of Polytec Asset Holdings Limited, since 2000, China Railsmedia Corporation since 2004 and Dragonite International Limited since 2010.
The Board further announced that Mr. Yiu has been appointed as the members of the audit committee, the remuneration committee and the nomination committee of the company with effect from 16 January 2014 and Mr. Liu has been appointed as the chairman of the audit committee and the remuneration committee and member of the nomination committee of the company with effect from 16 January 2014.