The board of directors of Affluent Partners Holdings Limited announced that with effect from 18 October 2019. Mr. Yuen Ching Bor, Stephen (‘Mr. Yuen’) has resigned as a non-executive Director, the Chairman of the Board and a member of the Remuneration Committee of the Company as he wishes to allocate more time to his other business engagements. Mr. Archambaud-Chao Percy Henry Junior (‘Mr. Archambaud-Chao’) has resigned as an executive Director and a member of the Nomination Committee of the Company; and ceased to act as the authorised representative of the Company (the ‘Authorised Representative’) as he wishes to allocate more time to his other personal engagements. The Board announced that Mr. Cheng Chi Kin (‘Mr. Cheng’), an executive director of the company, has been appointed as the Chairman of the Board, the Authorised Representative and the Process Agent of the Company with effect from 18 October 2019. Mr. Cheng, is currently a director of an asset management company and a non-executive director of IRC Limited. He has over 26 years of working experience in merger and acquisition, finance and accounting, banking, asset management and funds operations in various industries including real estate developments, infrastructure developments, real estate investment trusts (REITS), securities investments and natural resources industries.