The board of directors of Hsin Chong Group Holdings Limited announced that the Board has established a Risk Management Committee (the "RM Committee") and a Corporate Governance Committee (the "CG Committee") on 13 March 2018: The RM Committee comprises three members of Independent Non-executive Directors including Mr. CHENG Sui Sang, Mr. George YUEN Kam Ho, and Mr. LAI Chik Fan. Mr. LAI Chik Fan has been appointed as the chairman of RM Committee, all with effect from 13 March 2018. The CG Committee comprises three members of Independent Non-executive Directors including Mr. CHENG Sui Sang, Mr. George YUEN Kam Ho, and Mr. LAI Chik Fan. Mr. George YUEN Kam Ho has been appointed as the chairman of CG Committee, all with effect from 13 March 2018. The Board announced that Mr. George YUEN Kam Ho, an Independent Non-executive Director of the company and a member of Nomination Committee, has been appointed as the chairman of the Nomination Committee in place of Ms. LEE Jai Ying with effect from 23 March 2018.