The board of directors of Oriental University City Holdings (H.K.) Limited announced that with effect from 31 October 2018, Mr. He Jun ("Mr. He") has resigned as a non-executive Director due to his other personal commitments and has ceased to act as the chairman of the risk management committee of the Board (the "Risk Management Committee" and the "Chairman", respectively) on the same date. The Board further announces with effect from October 31, 2018, Mr. Tan Yeow Hiang, Kenneth ("Mr. Tan"), an independent non-executive Director, has been appointed as a member and the Chairman of the Risk Management Committee.