The board of directors of Midland Holdings Limited announced that Mr. KOO Fook Sun, Louis has informed the Board that he would not offer himself for re-election as a director of the company at the company's forthcoming annual general meeting to be held on 28 June 2017 in order to devote more time to his other personal and business pursuits. Mr. KOO will retire as an Independent Non-Executive Director and cease to be (i) the chairman of the Audit Committee and the Nomination Committee; and (ii) the member of the Remuneration Committee of the company with effect from the closure of the Annual General Meeting.