The board of directors of Yuk Wing Group Holdings Limited, announced that Mr. He Xiaoming has been appointed as an executive Director, chief executive officer and chairman of the Board with effect from 13 April 2018. Mr. He Xiaoming, aged 44, is an entrepreneur in various industries, including real estate, manufacturing and distribution, etc. Mr. He also possesses extensive business management, corporate planning and property investment experience.

He is the executive director and vice chairman of Teamway International Group Holdings Limited (formerly known as Jin Bao Bao Holdings Limited), which is principally engaged in design, manufacture and sale of packaging products and structural components. Mr. He is also a substantial shareholder of China Healthcare Enterprise Group Limited, which is principally engaged in the electronic manufacturing services and marketing and distribution of communications products. With effect from 13 April 2018, due to the change in control of the company, Mr. Chan Kin Choi, Mr. Chan Leung Choi and Ms. Liang Ning have resigned as executive Directors.

Mr. Chan Leung Choi has also resigned his position as the chairman and the chief executive officer of the company, Mr. Lok Man Richard Sung and Mr. He Xiaoming have been appointed as the chairman and a member of the nomination committee of the Company respectively, Mr. Chun Fung Lam and Mr. He Xiaoming have been appointed as members of the remuneration committee of the Company.