ITC Corporation Limited announced Chan Kwok Keung, Charles, Chan Kwok Chuen, Augustine, Chan Fut Yan and Chan Yiu Lun, Alan have resigned as Executive Directors and Chuck, Winston Calptor, Lee Kit Wah and Shek Lai Him, Abraham, GBS, JP have resigned as Independent Non-executive Directors. The resignations of Directors are due to the change in control of the company. Chan Kwok Keung, Charles ceased to be Chairman of the company upon his resignation as an Executive Director and Suen Cho Hung, Paul has been appointed in his stead.

Chan Kwok Keung, Charles ceased to be Chairman of the company upon his resignation as an Executive Director and Suen Cho Hung, Paul has been appointed in his stead. Chau Mei Wah, Rosanna has been redesignated from Deputy Chairman and Managing Director to Deputy Chairman and Executive Director and Suen Cho Hung, Paul has been appointed as the Managing Director of the Company. Suen was a non-executive director of BEP International Holdings Limited until June 1, 2015.

Suen was also an executive director and the chairman of Skyway Securities Group Limited until March 3, 2015, and an executive director and the chairman of Huajun Holdings Limited. Chau is the Deputy Chairman and Executive Director of the Company. She is also a director of various subsidiaries of the Company.

She joined the Group in February 1997. The company also announced Chau ceased to be the chairman of the corporate governance committee of the Company and a member of each of the Remuneration Committee and the nomination committee of the Company. Chan Fut Yan ceased to be a member of the Corporate Governance Committee; Chuck, Winston Calptor ceased to be the chairman of the Remuneration Committee and a member of each of the audit committee of the Company, the Corporate Governance Committee and the Nomination Committee; Lee Kit Wah ceased to be the chairman of the Audit Committee, and a member of each of the Corporate Governance Committee, the Nomination Committee and the Remuneration Committee; Shek Lai Him, Abraham ceased to be the chairman of the Nomination Committee and a member of the Audit Committee; Sue Ka Lok has been appointed as the chairman of the Corporate Governance Committee; Chu Kin Wang, Peleus has been appointed as the chairman of the Audit Committee, a member of each of the Corporate Governance Committee, the Nomination Committee and the Remuneration Committee; Lau Yuen Sun, Adrian has been appointed as the chairman of the Remuneration Committee, a member of each of the Audit Committee, the Corporate Governance Committee and the Nomination Committee; and Yam Kwong Chun has been appointed as the chairman of the Nomination Committee, a member of each of the Audit Committee, the Corporate Governance Committee and the Remuneration Committee.

All the executive changes are effective immediately.