The board of New Concepts Holdings Limited announced the following changes of directors, chairman of the board, composition of the board committees, company secretary and authorized representatives with effect from 24 May 2016: Mr. So Kin Shing and Ms. Lai Mun Yee have resigned as executive Directors; Mr. Zhu Yongjun and Ms. Qin Shulan have been appointed as executive Directors; Mr. Chu Shu Cheong ceased to be the chairman of the Board but remains as an executive Director and Mr. Zhu Yongjun has been appointed as the chairman of the Board; Mr. Chow Chi Keung has resigned as company secretary of the Company and Mr. Lee Tsi Fun Nicholas has been appointed as the company secretary of the Company; Mr. Chu Shu Cheong ceased to be a member of the Nomination Committee and Mr. Zhu Yongjun has been appointed as a member of the Nomination Committee; Mr. Kwan Man Hay ceased to be a member of the Remuneration Committee and Mr. Cai Jianwen has been appointed as a member of the Remuneration Committee; and Mr. Kwan Man Hay and Ms. Lai Mun Yee cease d to be the Authorized Representatives and Mr. Cai Jianwen and Mr. Lee Tsi Fun Nicholas have been appointed as the Authorized Representatives.