The board of directors of Milan Station Holdings Limited announced that Mr. So, Stephen Hon Cheung, an independent non-executive director of the company has tendered his resignation as INED of the Company with effect from 3 February 2017, for reason to devote more time for personal commitments. Mr. So confirmed that there is no disagreement with the board of the Company and there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company. The Board further announced that Mr. So ceased to be the chairman of Audit Committee and a member of Nomination Committee and Remuneration Committee of the Company with effect from 3 February 2017. Mr. Tou Kin Chuen, a member of the Hong Kong Institute of Certified Public Accountants and an associate of the Taxation Institute of Hong Kong and Mr. Chau Shing Yip Colin have been appointed as the chairman and member of the Audit Committee with effect from 3 February 2017 respectively.