The Board of HKC (Holdings) Limited announced that Mr. Joseph CHAN decided to step down from the board as an Executive Director with effect from September 1, 2015. Mr. Joseph CHAN first joined the group as chief financial officer from August 2006 to October 2009. Mr. Joseph CHAN served on the board as an executive director from June 2007 to September 2009.

Mr. Joseph CHAN re-joined the group as the chief financial officer on June 10, 2013 and has served on the board as an executive director since September 2013 before his resignation from the board. His resignation decision was made after he has decided to advance in academics. Following his resignation as an Executive Director, Mr. Joseph CHAN will remain as Chief Financial Officer of the group and a member of the Executive Committee of the company.

The Board announced that Mr. Samuel LEUNG has agreed to accept his appointment as executive director with effect from September 1, 2015. Mr. Samuel LEUNG, aged 51, has been appointed as an Executive Director and Chief Financial Officer of China Renewable Energy Investment Limited. He joined the CRE Group in April 2008 as Qualified Accountant.

He also holds several directorships in other members of CRE Group and is a member of the investment committee and the executive committee of CRE. He has over 20 years' experience in auditing and finance management with an international audit firm and other major conglomerates in Hong Kong. Prior to joining the CRE Group, Mr. Samuel LEUNG was a director of internal control and risk management of the company.

He is currently also a director of certain subsidiaries of the company.