Victor Group Holdings Limited announced the resignation of the highly respected Director, Hoifung (Alvin) Lam effective immediately. The company thanks him for his outstanding performance for the Company, and wishes him well and ever success in the future. Mr. Shao will be replaced as a Non-Executive Director by Mr. Zhenxian (Brady) Wu. He is currently the Oceania Business Manager for Jiuyou Capital which is a Chinese Investment Fund based in Shanghai.