The board of directors of Addchance Holdings Limited announced that Mr. Poon Sum ("Mr. Poon") has been appointed as an executive director of the company and the chairman of the board with effect from 19 April 2017. Mr. Poon, aged 53, has over 27 years of experience in the oil, paints and coatings industry and the trading of chemicals in Hong Kong and the People's Republic of China. Currently, he is also an executive director and honorary chairman of Tou Rong Chang Fu Group Limited and an executive director, chief executive officer, chief financial officer and executive corporate secretary of Gold Horn International Enterprises Group Limited. Mr. Poon's appointment is for a term of 3 years commencing on 19 April 2017, subject to retirement from office by rotation and re-election at annual general meetings of the company at least once every three years according to the articles of association of the company.