The board of Somerley Capital Holdings Limited announced that the completion of the Acquisition of equity interest in EISAL took place on December 14, 2018. As a result of the completion, Mr. Higgs is no longer regarded as independent and has tendered his resignation as an independent non-executive director to the board with effect from December 14, 2018. Upon resignation as an independent non-executive director, Mr. Higgs ceased to be the chairman of the nomination committee of the board and a member of the audit committee of the board. The board further announced that Mr. Sabine, an existing executive director and chairman of the board of Somerley, has been appointed as the chairman of the Nomination Committee with effect from 14 December 2018.