The board of directors of ETS Group Limited announced that, with effect from 30 June 2016, Mr. Cheung Kong Ting has been appointed as an independent non-executive director of the company. Mr. Cheung is the chief executive officer of China Israel Consultant Co. Ltd. Prior to that, Mr. Cheung worked as the managing director and head of China Market of Edmond de Rothschild, Hong Kong from 2014 to 2015. The Board announced that with effect from 30 June 2016, Mr. Yung Kai Tai resigned as an INED, the chairman of the remuneration committee, a member of each of the risk management and internal control committee, the audit committee and the nomination committee of the company as he would like to pursue other business opportunities. Following the resignation of Mr. Yung and the appointment of Mr. Cheung, Mr. Yung will cease to be and Mr. Cheung will be appointed as the chairman of the remuneration committee, a member of each of the risk management and internal control committee, the audit committee and the nomination committee of the Company with effect from 30 June 2016.