The board of directors ShiFang Holdings Limited announced that with effect from 29 January 2016, Mr. Hong Pei Feng has resigned as executive director of the Company due to his decision to pursue other personal developments. The Board announced that with effect from 29 January 2016, Mr. Chen Zhi has resigned as the chief executive officer of the Company. The Board announced the appointment of Mr. Tsui, Yiu Ming Siuming as the chief executive officer of the company with effect from 29 January 2016. Personal details of Mr. Tsui are set out as follows:
Mr. Tsui, aged 62, was appointed as an executive director of the Company on 6 December 2015 and is a member of the nomination committee of the company. Mr. Tsui is also appointed as a member of the Remuneration Committee of the Company.