Honghua Group Limited announced that with effect from 1 January 2018, Mr. Qi Daqing resigned as independent non-executive Director, chairman of Audit Committee and member of the Remuneration Committee of the company. Mr. Qi resigned the directorship as he needs to devote more time to other matters. Mr. Wu Yuwu has been appointed as an independent non-executive Director, chairman of Audit Committee and member of the Remuneration Committee of the company. Mr. Wu Yuwu, is currently a professor of accounting at the School of Accountancy of the Chinese University of Hong Kong.