The board of directors of Summit Ascent Holdings Limited announced that Mr. Gerard Joseph McMahon has been resigned as an Independent Non-executive Director, the chairman of the Remuneration and Corporate Governance Committees and a member of the Audit and Nomination Committees of the company due to other business engagements with effect from 14 June 2019. The Board of the company announced that, with effect from 14 June 2019, Mr. Lam Kwan Sing has been appointed as an Independent Non-executive Director, the chairman of the Remuneration and Corporate Governance Committees and a member of the Audit and Nomination Committees of the company. Currently he is an executive director and chief executive officer of SFund International Holdings Limited and is also an independent non-executive director of Hao Tian Development Group Limited. In addition, Mr. Lam is a director of China Natural Resources Inc. since 2003.