The board of directors of Wealth Glory Holdings Limited announced that Mr. Hong Sze Lung has tendered his resignation as an executive Director and chairman of the Board and the chief executive officer of the Company, a member of the remuneration committee and the chairman of each of the nomination committee, the investment committee and the executive committee with effect from 31 December 2016 due to his personal business developments. Mr. Lee Wai Ming has tendered his resignation as the company secretary and ceased to act as an authorized representative of the Company for accepting service of any process or notice on behalf of the Company in Hong Kong as required under Part 16 of the Companies Ordinance (Chapter 622 of the Laws of Hong Kong) with effect from 31 December 2016 due to his personal business developments. Mr. Hong ceased to act as the compliance officer of the Company under Rule 5.19 of the GEM Listing Rules and Mr. Tse Sing Yu has been appointed as the Compliance Officer with effect from 31 December 2016.

Following the resignation of Mr. Hong as an executive Director, he will cease to be the chairman of each of the nomination committee, the investment committee and the executive committee and a member of the remuneration committee with effect from 31 December 2016. Mr. Tse Sing Yu has been appointed as the chairman of each of the nomination committee and the executive committee and a member of the remuneration committee with effect from 31 December 2016. Ms. Lin Su has been appointed as the chairman of the investment committee with effect from 31 December 2016.