The Board of Kelfred Holdings Limited announced that Mr. Lee Wai Ming ("Mr. Lee") has resigned as an independent non-executive Director with effect from 1 September 2020 as he would like to devote more time to his personal commitments. The Board announced that Mr. Hong Sze Lung ("Mr. Hong") has been appointed as an independent non-executive Director with effect from 1 September 2020. Mr. Hong, aged 49, has over 24 years of working experience and extensive knowledge in the fields of auditing, corporate finance, corporate recovery, investments as well as corporate investor relations in Hong Kong and Mainland China. Following Mr. Lee's resignation, he also ceased to be a member of each of the audit committee, the remuneration committee and the nomination committee, and the chairman of the risk management committee of the Company with effect from 1 September 2020. The Board announced that Mr. Hong has been appointed as a member of each of the audit committee, the remuneration committee and the nomination committee, and the chairman of the risk management committee of the Company with effect from 1 September 2020.