The Board of Directors of Cheuk Nang (Holdings) Limited announced that Ms. Chao Gigi (Ms. Chao), an Executive Director of the company, be appointed as Vice Chairman of the Board with effect from 1 October 2014. Ms. Chao joined the group in February 2011 as Senior Project Manager and Executive Director since April 2011. Besides a background in architecture and construction, her multi- faceted experience in management and service was acquired from an early career in marketing and retail services in Hong Kong and China, during which she handled key accounts such as Rolex, Audemars Piquet, Hong Kong Jockey Club, Mont Blanc, inter alia.

She is also currently President of the Hong Kong Aviation Club since 2014, and Honorary Specialist Flight Lieutenant of the Hong Kong Air Cadets Corp. The Board of the company announced that Mr. Chao Howard (Mr. Chao), originally an Executive Director of the company, be re-designated as a Non-Executive Director and Senior Consultant of the company with effect from 1 October 2014. Mr. Chao joined the Group as Executive Manager since January, 2006 and Executive Director of the company since 1 December 2006.

He is a member of the Chinese Peoples Political Consultative Conference of Beihai, Guangxi, The Chinese General Chamber of Commerce, and the Liaoning Youth Federation.