The board of directors of the SMI Holdings Group Limited announced that Mr. Wai Yee Tai has resigned as executive Director and the chairman of the Board with effect from September 3, 2018, due to his wife's critical illness which would require him to allocate more time to his family matters. After his resignation as executive Director and chairman of the Board, Mr. Wai has temporarily remained as a senior management of the Company on a part-time basis. Mr. Cheng Chi Chung, Mr. Ren Xiaonan and Mr. Kong Dalu have resigned as executive directors with effect from September 2, 2018. Mr. Cheng tendered his resignation due to his health reasons after a medical operation in early 2018. Mr. Ren resigned as he intends to return to the banking industry in the People's Republic of China. Mr. Kong resigned because of his family plan to relocate overseas soon. Following the resignation of Mr. Wai and Mr. Cheng (who were former authorised representatives) as Directors, they ceased to be the authorised representatives of the Company with effect from 3 September 2018 and 2 September 2018 respectively. The Board announced that, Mr. Hung Ka Hai Clement, a non-executive Director, and Mr. Chan Sing Nun, the company secretary of the Company, have been appointed as the authorised representatives of the Company with effect from 3 September 2018.