The board of directors of AKM Industrial Company Limited announced that the term of service of Mr. Zhao Xiao as an independent non-executive director of the company has expired on 15 February 2018 and Mr. Zhao does not seek for renewal of his term of office due to his other business commitments. Accordingly, Mr. Zhao will cease to be an independent non-executive director of the company and will also cease to hold the offices of the chairman of the remuneration committee, a member of the audit committee and a member of the nomination committee of the company with effect from 16 February 2018.