The board of directors of Wai Yuen Tong Medicine Holdings Limited announced that with effect from April 1, 2018: (a) Ms. Tang Wai Man has been appointed as an executive Director and a member of each of the executive committee, the remuneration committee and the nomination committee of the company; (b) Mr. Chan Chun Hong, Thomas has ceased to be the managing Director, a member of each of the Remuneration Committee and the Nomination Committee, but will remain as an executive Director and a member of the Executive Committee; and (c) Mr. Tang Ching Ho, the chairman of the Company and an executive Director, has assumed the role of the managing Director immediately following Mr. Chan's re-designation. Ms. Tang Wai Man, aged 26, joined the Group in January 2016 and is currently the senior business development manager of the Group. She is responsible for sales and marketing, channel sales and retail operation in Hong Kong, Macau and the Mainland China of the Group.

Prior to joining the Group, she has worked for Wang On Group Limited, since July 2014 as an assistant to Wang On's chairman and other experience in financial analysis, sales and marketing and business development in a number of corporate bodies in Hong Kong and the United Kingdom. Ms. Tang is also a director of almost all of the subsidiaries of the Company.