The board of directors of Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Limited announced that Mr. See Tak Wah has tendered his resignation as an independent non-executive Director with effect from 1 October 2019 in order to pursue his other personal business commitments. Upon his resignation, Mr. See will also cease to be the chairman of the audit committee of the Company (the Audit Committee) on the same date. Mr. See will however continue to serve as a consultant of the Company upon his resignation. The Board announced that following the resignation of Mr. See, Mr. Au Yeung Kwong Wa will be appointed as an independent non-executive Director and the chairman of the Audit Committee with effect from 1 October 2019. Mr. Au Yeung has been an independent non-executive director of Modern Media Holdings Limited until his resignation with effect from 1 October 2019. Mr. Au Yeung will be appointed as an independent non-executive Director by a letter of appointment for a term of two years from 1 October 2019 to 30 September 2021, subject to retirement by rotation and re-election at the annual general meetings of the Company in accordance with the articles of association of the Company (the Articles) and the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.