The board of directors of Global Mastermind Holdings Limited announced that Mr. Leung Wai Man has tendered his resignation as an executive Director with effect from 16 December 2016 due to the reason that he would like to devote more time to his other business commitment. The Board further announced that Mr. Cheung Kwok Wai, Elton has been appointed as the chairman of the Company and an executive Director with effect from 16 December 2016; and Mr. Mung Bun Man, Alan has been appointed as the managing director of the Company. Mr. Cheung, has over 26 years of experience in the area of corporate finance and securities industries.

Mr. Cheung is currently an executive director of Eternity Investment Limited and an executive director of Man Sang International Limited. During the period from 11 October 2016 to 15 December 2016, Mr. Cheung was an executive director of Haier Healthwise Holdings Limited. Mr. Alan Mung is presently an executive Director, the compliance officer, a director of certain subsidiaries of the Company, a member of each of remuneration committee and nomination committee of the Company.

Mr. Alan Mung has extensive working experience in investment and asset management. Mr. Alan Mung is presently an executive director and chief executive officer of Global Mastermind Capital Limited. He was an executive director of Tai United Holdings Limited for the period from 22 October 2013 to 29 June 2015.

He was an executive director of HNA Holding Group Co. Limited for the period from 24 October 2013 to 6 February 2015.