The board of directors of Wan Kei Group Holdings Limited announced that Mr. Cheung Lap Kei "Mr. Cheung" has been appointed as an executive Director with effect from 3 January 2017. Mr. Cheung Lap Kei has 22 years of experience in auditing and accounting fields. He currently serves as an independent non-executive director and chairman of audit committee of Austar Lifesciences Limited. From July 2016 to early January 2017, he served as chief financial officer of China Everbright Water Limited, which is a company listed on the Mainboard of Singapore Exchange Limited and is a subsidiary of China Everbright International Limited. From December 2008 to June 2016, he served as chief financial officer, authorized representative and company secretary of China Zhongwang Holdings Limited. He was also the chief financial officer, authorized representative and company secretary of United Photovoltaics Group Limited. The Board announced that, due to devoting more time to other business, Mr. Leung Man Lun Stephen ("Mr. Leung") and Mr. Lau Chi Shing ("Mr. Lau") have tendered their resignations as the executive Directors with effect from 3 January 2017. Both Mr. Leung and Mr. Lau confirmed that they have no disagreement with the Board and that they are not aware of any matter in relation to their respective resignations that needs to be brought to the attention of the shareholders of the Company. Both Mr. Leung and Mr. Lau remain as directors of certain subsidiaries of the Company after their resignations as the executive Directors.