Koon Holdings Limited announced that Mr. Yuen Kai Wing has resigned as Managing Director of the company with effect from August 5, 2019. Mr. Oh Koon Sun will be acting as Managing Director of the company with effect from August 6, 2019. This is an interim measure and the Board will be reconstituted again once a suitable candidate is identified to be appointed as Managing Director, or as and when the Board deems appropriate. Once an appropriate candidate has been identified and appointed, the necessary announcements relating to such appointment will be made.