Cosmos Machinery Enterprises Ltd. announced that Mr. Wong Yiu Ming has resigned as the CEO and a member of the Nomination Committee of the company with effect from July 1, 2013 in order to devote more time on other special projects of the group. Mr. Wong will remain as an executive director as well as a member of the Committee of Executive Directors of the company and will also remain as a director of several subsidiaries in the group. Mr. Tang Yu, Freeman, an executive director of the company and a member of the Committee of Executive Directors of the company, has been appointed as the CEO and a member of the Nomination Committee of the company with effect from July 1, 2013.

Mr. Tang Yu, Freeman joined the group in 2006 and is currently the managing director and general manager respectively of two subsidiaries of the group which are engaged in plastic products and processing. He is responsible for the overall management and strategic planning of these subsidiaries. Besides, at present, he also holds directorship in several subsidiaries of the group.

Prior to joining the group, he worked in commercial banking division and as an associate investment advisor in banks of Hong Kong from 2001 to 2006.