The board of directors of New Sports Group Limited announced that Mr. Lau Wan Po, the executive director of the company, will be re-designated as the non-executive director of the company with effect from 18 November 2016. Mr. Lau, aged joined the company as an executive director since 1 April, 2016. He has over 16 years of experience in the investment banking industry focusing in the areas of initial public offering, merger and acquisition, corporate restructuring and other financial advisory services to listed companies in Hong Kong. Mr. Lau has been the chairman of Qian Hai Securities Limited since December 2015. He acted as the managing director of Haitong International Capital Limited and Hai Tong Capital (HK) Limited from January 2010 to November 2015. He was an executive director and head of investment banking division of CMB International Capital Holdings Corporation Limited from August 2008 to January 2010. He graduated from the City University of Hong Kong with a bachelor’s degree in science and earned a master’s degree in finance from Curtin University of Technology.