The board of directors of Great China Holdings Limited announced that Mrs. Patricia Bee Kuen Thomas has tendered her resignation as an independent non-executive Director and a member of the audit committee of the company with effect from 15 November 2017 due to her intention to concentrate on other business commitments. Mrs. Thomas has confirmed that she has no disagreements with the Board and there are no other matters relating to her resignation that need to be brought to the attention of the shareholders of the company. The Board announced that Mr. Tseung Yuk Hei Kenneth has been appointed as an independent non-executive Director and a member of the Audit Committee with effect from 15 November 2017. Mr. Tseung was a managing director, Head of Investment Banking, China of CIMB Securities Limited from August 2012 to February 2017. Mr. Tseung is currently the senior managing director, Head of Investment Banking of Mason Securities Limited.