King Fook Holdings Limited announced that Mr. Tang Yat Sun, Richard, an executive director and the acting chairman of the company, has been appointed as the chairman of the company with effect from March 20, 2017 and Mr. Cheng Ka On, Dominic, an executive director of the company, will resign due to health reason with effect on March 30, 2017. Mr. Tang is also an executive director of King Fook Jewellery Group Limited and King Fook Gold & Jewellery Company Limited. He is an executive director of Miramar Hotel and Investment Company, Limited, and an independent non-executive director of Hang Seng Bank Limited and Wheelock and Company Limited. Mr. Tang has no relationship with any directors, senior management or substantial or controlling shareholders of the company. He was appointed as a director, the vice chairman and the acting chairman of the Company in 1987, 1998 and 2016 respectively.