The board of directors of LUKS GROUP (VIETNAM HOLDINGS) COMPANY LIMITED announced that Mr. Luk King Tin (Mr. Luk), the Chairman, the Chief Executive Officer and an executive director of the company, passed away peacefully in Hong Kong Sanatorium & Hospital on 29 August 2015. The board announced that due to the passing away of Mr. Luk, Madam Cheng Cheung was appointed as the Chairman of the Board, the CEO, the Chairman of the Nomination Committee, a member of the remuneration committee of the company, and an authorised representative of the company. In place of Mr. Luk with effect from 29 August 2015.

Madam Cheng Cheung is an executive director of the company. Madam Cheng has been working for the group for over 37 years and has been actively involved in the group's development since its establishment. Madam Cheng has mainly been responsible for finance, human resources and administrative functions of the group.

She also holds directorships in various subsidiaries of the group. Madam Cheng is also a substantial shareholder of the company through her wholly controlled corporation, CC (Holdings) Limited.