The board of directors of CPMC Holdings Limited announced that Mr. Andrew Y. Yan has resigned as an independent non-executive director with effect from September 1, 2016 due to his pursuit of other business opportunities. The board announced that Mr. Pun Tit Shan has been appointed as an independent non-executive director with effect from September 1, 2016. Mr. Pun is currently the chief executive officer of Asia Wealth Securities Limited and was the chief investment officer of Astrum Capital Management Limited. He has over 31 years of experience in the finance field, such as strategic dealing and arbitraging in the derivatives market, sales and marketing management in the primary and secondary equity market and sales and assets managing of high net-worth clients and investment advisory.