The board of directors of Van Shung Chong Holdings Limited announced that Yeung Wing Sun Mike has been appointed as an independent non-executive director and a member of the audit committee of the company with effect from 25th March 2014. Yeung retired from HSBC Group in January 2014. Yeung has entered into a letter of appointment with the company for a term of one year commencing on 25th March 2014 and is subject to retirement and re-election at general meetings in accordance with the Company's Bye-laws.