The board of directors of China Vanguard You Champion Holdings Limited announced that Mr. TO Yan Ming Edmond has been appointed as an independent non-executive Director, chairman of the audit committee and chairman of the remuneration committee of the company with effect from 11 December 2017. Mr. TO Yan Ming Edmond worked for one of the international accounting firms, Deloitte Touche Tohmatsu. Mr. TO is a director of Edmond To CPA Limited, R.C.W (HK) CPA Limited and Asian Alliance (HK) CPA Limited (formerly known as Zhonglei (HK) CPA Company Limited) respectively. The Board further announced that Dr. LIU Ta-pei has been appointed as an independent non-executive Director and a member of each of the audit committee, the nomination committee and the remuneration committee of the Company with effect from 11 December 2017. Dr. LIU Ta-pei is currently an executive director of Huisheng International Holdings Limited, which is listed on the Main Board of the Stock Exchange. He was previously a director of Mega Financial Holdings Company Limited and also served as the chairman of Mega Securities Co. Ltd. He had also been a director of Global Securities Finance Corporation, Chung Hsing Bills Finance Corporation, and Central Investment Holding Company respectively, and the chairman of Jen Hwa Investment Holding Company.