The board of directors of Futong Technology Development Holdings Limited announced that with effect from 1 December 2016, Mr. Ho Pak Tai Patrick has ceased to act as the chairman of the Audit Committee but he will remain as a member of the Audit Committee; and Mr. Lee Kwan Hung has ceased to act as a member of the Audit Committee. The Board also announced that Mr. Chow Siu Lui has been appointed as independent non-executive Director, the chairman of the Audit Committee, a member of each of the Nomination Committee and Remuneration Committee with effect from 1 December 2016. Mr. Chow is the managing director of VMS Investment Group (HK) Limited. Previously, he was a member of both of the Listing Committee of The Stock Exchange of Hong Kong Limited and the Dual Filing Advisory Group of the Securities and Futures Commission.