The board of directors of Van Shung Chong Holdings Limited announced that, with effect from 25 November 2015, Mr. Frank Muñoz has resigned as an executive director and the chief executive officer of the company due to personal matters and consequently ceased to be a member of the executive committee of the company on the same day. The Board announced that, with effect from 25 November 2015, Ms. Luk Pui Yin Grace and Mr. Lau Chi Chiu have been appointed as executive directors of the company and become members of the Executive Committee. Ms. Luk is the chief financial officer of the company and also acts as a director of certain subsidiaries and a joint venture of the company.

Mr. Lau is the managing director of Hong Kong Steel and International Trading of the group and also acts as a director and legal representative of a PRC subsidiary of the company. The Board also announced that, with effect from 25 November 2015, Mr. Yao Cho Fai Andrew, an executive director of the company and the chairman of the Board, has been appointed as the CEO.