The Board of Directors of Vashion Group Ltd. announced that Mr. Jacob Leung Kwok Kuen, the Independent Director of the Company, has been redesignated as Independent Non-Executive Chairman of the Board, with effect from 15 March 2018. Mr. Jacob Leung Kwok Kuen remains as the Independent Director, Chairman of Remuneration Committee and Nominating Committee and member of Audit Committee. Following the redesignation, the Board comprises the following members: Jacob Leung Kwok Kuen (Independent Non-Executive Chairman and Independent Director); Christian Kwok-Leun Yau Heilesen (Executive Director); Zhou Jia Lin (Non-Executive Non-Independent Director); Eunice Veon Koh Pei Lee (Independent Director); Leung Yu Tung Stanley (Independent Director). There is no change to the Audit Committee, Nominating Committee and Remuneration Committee.