The board of directors of Perfect Group International Holdings Limited announced the appointment of Mr. He Dingding as the non-executive Director and a member of the audit committee of the Board with effect from 1 March 2017. Mr. He has more than 12 years of extensive experiences in capital markets, corporate finance, investment and finance through working in investment banks and advisory firms in Singapore and Hong Kong since 2005. Mr. He was the independent non-executive director with China Kangda Food Company Limited. The Board announced that Mr. Chu Kin Wang Peleus has resigned as the non-executive Director and a member of the audit committee of the Board with effect from 1 March 2017 to focus on his professional career. Mr. Chu has confirmed that, in respect of his resignation, (a) he has no claims against the Company; (b) he has no disagreement with the Board; and (c) there is no matter that needs to be brought to the attention of the shareholders of the Company.