Midas Holdings Limited announced that the company is currently seeking a suitable replacement for Mr. Chan Chee Kin, Chief Financial Officer and Vice President. Mr. Liaw Kok Feng, the company's Financial Controller, will assume the responsibilities of Mr. Chan until the new Chief Financial Officer comes on board. The reason for cessation is due to personal reasons and to pursue other interests.

The effective date of cessation is June 30, 2016.