The board of director of Shen You Holdings Limited announced that with effect from September 14, 2018. Mr. Lee Wing Hong resigned as an executive Director as he wishes to focus on the Group's daily operations and financial matters but will remain as the chief financial officer of the company. Mr. To King Yan, Adam resigned as an independent non-executive Director due to a change in his personal work arrangement. Mr. Zhang Guofu has been appointed as an independent non-executive Director following the resignation of Mr. To as an independent non-executive Director, Mr. To ceased to be a member of each of the audit committee, the remuneration committee and the nomination committee of the company and Zhang served as the deputy section chief of the finance department of Shanghai Huahong (Group) Co. Ltd. Mr. Zhang has been appointed as a member of each of the audit committee, the remuneration committee and the nomination committee of the company.