The Board of Novo Group Ltd. announced that, with effect after the close of the Offer on 27 November 2015, Mr. William Robert Majcher has been appointed as an independent non-executive Director and a member of each of the Audit Committee of the company, the Remuneration Committee of the company and the Nominating Committee of the company; Mr. Yu Wing Keung, Dicky resigned as an executive Director; and Mr. Tse To Chung, Lawrence resigned as an independent non-executive Director and a member of each of the Audit Committee, the Remuneration Committee and the Nominating Committee. Mr. Majcher, aged 53, has over 25 years of experience in public service, international finance and capital markets. Mr. Majcher is currently an independent non-executive director of Evolving Gold Corporation; Chanceton Financial Group Limited; and CCT Land Holdings Limited.

The Board further announced that, with effect after the close of the Offer on 27 November 2015, Mr. Yu ceased to act as an authorized representative of the company and Ms. Lau Jeanie, the company secretary of the company, has been appointed as an authorized representative of the Company in place of Mr. Yu pursuant to Rule 3.05 of the Listing Rules.