Tungtex (Holdings) Company Limited announced that With effect from 12 January 2018, Mr. Benson Tung Wah Wing has resigned as the Chairman of the Board, an executive Director, the managing director and an authorised representative of the Company and ceased to be a member of the remuneration committee and the Chairman of nomination committee of the Board as Mr. Benson Tung would like to spend more time on attending to his physical conditions. Following the resignation of Mr. Benson Tung as an executive Director, the Board further announced that, with effect from 12 January 2018, Mr. Martin Tung, currently an executive Director, has been appointed as the Chairman of the Board, a member of the remuneration committee of the Board and the chairman of the nomination committee of the Board; and Mr. Raymond Tung, currently an executive Director, has been appointed as the managing director of the Company and an authorised representative of the Company.