National Arts Entertainment and Culture Group Limited announced that Mr. Sin Kwok Lam has been appointed as an executive Director of the Company, the chairman of the Company and the chairman of the nomination committee of the Board with effect from 14 May 2019. Mr. Sin, aged 62, was appointed as the chairman of the Company and an executive Director on 31 May 2010. Mr. Sin was re-designated from an executive Director to a non-executive Director on 26 October 2010. Mr. Sin resigned as the chairman of the Company and a non-executive Director with effect from 4 May 2018. Mr. Sin has over 30 years' banking experience in various departments including internal audit, finance, risk management and business. Mr. Sin, is principally responsible for determination of market direction, enterprise strategies and direction of product marketing strategies of the Group, and he is also responsible for identification and introduction of strategic partners for the Group. Mr. Chow Kai Weng has been re-designated from the chairman of the Company to the associate chairman of the Company with effect from 14 May 2019, Mr. Chow is principally responsible for daily operation management in Hong Kong and the PRC, conducting financing and merger and acquisition activities, determining the market direction of the Group, corporate strategies and strategic direction of product marketing, management of business performance in Hong Kong and the PRC and identification of business partners for the Group. Mr. Chow ceased to be a member and the chairman of the Nomination Committee with effect from 14 May 2019. Mr. Chow Kai Weng, aged 35, joined the Group in January 2010. Mr. Chow was appointed as an executive Director on 25 March 2011 and the Vice Chairperson of the Company on 5 August 2016. He was subsequently appointed as the chairman of the Company on 4 May 2018 and the chief executive officer and the compliance officer of the Company on 13 June 2018. Mr. Chow is also a director of a number of subsidiaries of the Company.