The board of directors of Newtree Group Holdings Limited announced that Ms. Sung Ting Yee has resigned as a chief executive officer of the Company with effect from 31 March 2016 as she requires more time to pursue her other business engagements. Following Ms. Sungs resignation, Mr. Wong Wai Sing will be appointed as the Chief Executive Officer with effect from 31 March 2016. Mr. Wong Wai Sing, aged 30, is the chairman of the Board and an executive Director of the Company, joined the Company in October 2011.

Mr. Wong is a member of the Hong Kong Institute of Directors. Mr. Wong has taken up the management role as an executive director of a number of subsidiaries of the Company.