Tonic Industries Holdings Ltd. announced that each of Mr. Mak Bing Kau, Mr. Ng Wai Hung and Mr. Lau Cheuk Lun has tendered his resignation as an executive Director and each of Mr. Pang Hon Chung, Mr. Cheng Tsang Wai and Dr. Chung Hing Wah, Paul has tendered his resignation as independent non-executive Directors, all with effect from the date next following the Closing Day, which is expected to be on 23 June 2012. Dr. So Shu Fai, an executive Director, has been overseeing the business of the Group and will remain as an executive Director. In addition, Dr. So Shu Fai has resigned from his executive role as the chairman of the company; Dr. So Shu Fai, Mr. Mak Bing Kau, Mr. Ng Wai Hung and Mr. Lau Cheuk Lun have resigned as members of the executive committee of the company; Mr. Pang Hon Chung, Mr. Cheng Tsang Wai and Dr. Chung Hing Wah, Paul have resigned as members of the audit committee of the company; Mr. Cheng Tsang Wai, Mr. Pang Hon Chung and Dr. So Shu Fai have resigned as members of the remuneration committee of the company; and Dr. So Shu Fai, Mr. Pang Hon Chung and Dr. Chung Hing Wah, Paul have resigned as members of the nomination committee of the company, all with effect from the date next following the Closing Day, which is expected to be on 23 June 2012. The Board announces that Mr. Huang Peikun, Mr. Liu Zhuogen and Mr. Yu Zhiliang have been appointed as executive Directors, and Ms. Liu Ning has been appointed as non-executive Director and Ms. Chen Yanping, Dr. Wong Wing Kuen, Albert and Dr. Shi Xinping have been appointed as independent non-executive Directors with effect from 2 June 2012. In addition, Dr. Wong Wing Kuen, Albert as chairman, Dr. Shi Xinping and Ms. Liu Ning have been appointed as members of the audit committee of the Company; Ms. Chen Yanping as chairman, Dr. Wong Wing Kuen, Albert and Mr. Huang Peikun have been appointed as members of the remuneration committee of the Company; and Mr. Huang Peikun as chairman, Dr. Shi Xinping and Ms. Chen Yanping have been appointed as members of the nomination committee of the Company, all with effect from the date next following the Closing Day, which is expected to be on 23 June 2012. The Board also announces that Dr. So Shu Fai and Mr. Lau Cheuk Lun have resigned from the positions of authorised representatives of the Company with the Stock Exchange with effect from 2 June 2012. Mr. Liu Zhuogen and Mr. Yu Zhiliang have been appointed as the authorised representative of the Company with effect from 2 June 2012.