The board of directors of Keen Ocean International Holding Limited announced that with effect from 30 June 2017, Mr. Tang Sze Wo has resigned as an independent non-executive Director, a member of each of the audit committee of the Board (the "Audit Committee"), the nomination committee of the Board (the "Nomination Committee"), the risk management committee of the Board (the "Risk Management Committee") and the chairman of the remuneration committee of the Board (the "Remuneration Committee") to focus on the development of his businesses. Following the resignation of Mr. Tang, Mr. Lam Chon Loi ("Mr. Lam") has been appointed as an independent non-executive Director with effect from 30 June 2017. Mr. Lam has also been appointed as a member of each of the Audit Committee, the Nomination Committee, the Risk Management Committee and the chairman of the Remuneration Committee. Mr. Lam has over 20 years of experience in the management of businesses in Macau. He currently owns a property and facilities management company in Macau.