The board of directors of Ascent International Holdings Limited together with its subsidiaries announced that with effect from September 7, 2018, Ms. Li Wei has resigned as an executive Director. Mr. Chong Man Hung Jeffrey has been appointed as an independent non-executive Director; (iii) Mr. Cheng Shing Hay has resigned as an independent non-executive Director, the chairman of the Nomination Committee and a member of the audit committee of the Company and the Remuneration Committee; Mr. Wong Kon Man, Jason has resigned as an independent non-executive Director and a member of the Audit Committee, the Nomination Committee and the Remuneration Committee; Ms. Wang Wei an executive Director, has been appointed as the chairlady of the Board and redesigated as the chairlady of the Nomination Committee; Mr. Chong has been appointed as chairman of the Audit Committee and a member of the Remuneration Committee and the Nomination Committee; and Mr. Wong Kwun Ho an independent non-executive Director, has been redesignated as a member of the Audit Committee. Following Ms. Li's resignation, Ms. Li will cease to be the authorised representative of the Company. Ms. Wang, an executive Director and the chairlady of the Board.