Herald Holdings Limited announced Mr. Tang King Hung retired as an executive director and the Managing Director of the company with effect from 1 July 2015 due to his other personal commitments. Mr. Tang also ceased to be a member of the Remuneration Committee and the authorized representative of the Company with effect from 1 July 2015. Mr. Shum Kam Hung has been appointed as an executive director, the Managing Director, a member of the Remuneration Committee and the authorized representative of the company with effect from 1 July 2015.

The board of directors announced that with effect from 1 July 2015, Mr. Shum has resigned as the Company Secretary of the company and Mr. Thong Yeung Sum Michael has been appointed as the Company Secretary of the company in place of Mr. Shum. Before joining the company and its subsidiaries in 1976, Mr. Thong worked for three years in the Hong Kong office of a leading international accounting firm. Mr. Thong was an executive director of the company from 25 August 1992 to 16 September 2013 and the Managing Director of the company from 4 July 2008 to 16 September 2013.

He also serves as a director of the principal subsidiaries of the Company.