The board of Addchance Holdings Limited announced that Mr. Cheung Tat Chung has been appointed as executive Director and chief executive officer (CEO) and Mr. Zhao Xu has been appointed as a non-executive Director of the company with effect from 13 August 2016. Mr. Cheung is responsible for the all day-to-day management decisions and for implementing the company's long and short term plans. Mr. Cheung had over 28 years' experience in sales & marketing, relationship management and operations within trade finance/corporate banking financial institutions with various international banks in Hong Kong.

In addition, Mr. Cheung also has over 14 years solid and hands-on experience in factory management in Guangdong and Jiangsu Province in Mainland China within the period 1998 to 2011. Mr. Cheung is an active member of the Greater China Financial Professionals Association. Mr. Zhao is the creator of ICP Economic Model, and a pioneer leader in E-business.

Mr. Zhao now is the board chairman of Panamax Aktiengesellschaft.