The board of directors of Bright Smart Securities & Commodities Group Limited announced that Mr. Chan Kai Fung has tendered his resignation as an executive director, a co-chief executive officer of the company, an authorized representative of the company, a member of the risk management committee of the Board and all positions, roles and duties within the Group, all with effect from 31 May 2016, to retire and spend more time with his family. The board hereby further announced that following the resignation of Mr. Chan, Mr. Hui Yik Bun, an executive director and a co-chief executive officer of the company, has been re-designated as the chief executive officer of the company and appointed as an authorized representative of the company (under Rule 3.05 of the Listing Rules), both with effect from 31 May 2016.