The board of directors of GA Holdings Ltd. announced that Mr. Yeung Chak Sang has resigned as an executive Director, the company secretary and the qualified accountant of the Company and the authorised representative of the Company under the Rules Governing the Listing of Securities on the Growth Enterprise Market of The Stock Exchange of Hong Kong Limited for the purpose of exploring other opportunities for career development with effect from 16 November 2015. Mr. Lee Kwok Yung has also tendered his resignation as an independent non-executive Director, the chairman of each of the audit committee and remuneration committee due to his personal business development which requires more of his attention. Each of Mr. Yeung and Mr. Lee confirmed that he has no disagreement with the Board and there are no matters relating to each of their resignation that need to be brought to the attention of the Board and shareholders of the Company or The Stock Exchange of Hong Kong Limited.

The Board further announced that Mr. Ma Hang Kon, Louis has been appointed as an executive Director, the chief financial officer and the company secretary of the Company and the authorised representative of the Company under the GEM Listing Rules with effect from 16 November 2015. Mr. Ma, aged 52, has over 30 years of working experience, mainly in professional services in Hong Kong, petrochemical, electronics and resources industries in the United States and in the Asia Pacific region. He also has extensive experience in managing businesses in listed companies both in Hong Kong and in the United States.

The Board also announced that Mr. Zhou Ming has been appointed as the independent non-executive Director, the chairman of Audit Committee and the Remuneration Committee of the Company in place with Mr. Lee with effect from 16 November 2015. Mr. Ma and Mr. Zhou shall hold office until the next general meeting and shall be eligible for re-election pursuant to the Company's Articles of Association. Thereafter they will be subject to retirement by rotation and re-election at annual general meetings of the Company in accordance with the Company's Articles of Association.