Global International Credit Group Limited's board announced that Mr. Chan has tendered his resignation as an independent non- executive Director, chairman of the remuneration committee and a member of each of the audit committee and the nomination committee of the Company, with effect from 1 January 2016, in order to concentrate on his other work commitments. The Board also announced that Mr. Man has been appointed as an independent non- executive Director with effect from 1 January 2016. Mr. Man has also been appointed as the chairman of the remuneration committee, a member of each of the audit committee and the nomination committee of the company.

The board of directors of Global International Credit Group Limited announces that Mr. Chan Chi On (alias Derek Chan) (Mr. Chan) has tendered his resignation as an independent non-executive Director, chairman of the remuneration committee and a member of each of the audit committee and the nomination committee of the Company with effect from 1 January 2016, in order to concentrate on his other work commitments. Mr. Chan confirmed that there is no disagreement with the Board and there is no matter that needs to be brought to the attention of the shareholders of the Company and The Stock Exchange of Hong Kong Limited in relation to his resignation. The board also announced that Mr. Man Yiu Kwong, Nick (Mr. Man) has been appointed as an independent non-executive Director with effect from 1 January 2016.

Mr. Man has also been appointed as the chairman of the remuneration committee, a member of each of the audit committee and the nomination committee of the company. Mr. Man, aged 46, is currently the managing director of the corporate finance department of VMS Securities Limited.