The board of directors of Mingfa Group (International) Company Limited announced that Mr. Qu Wenzhou, due to personal reason, has resigned as an independent non-executive director of the company, the chairman of the Audit Committee, the chairman of the Nomination Committee and a member of the Remuneration Committee of the Board with effect from 31 August 2018; and Mr. Dai Yiyi, due to personal reason, has resigned as an independent non-executive Director of the Company, the chairman of the Nomination Committee, and a member of each of the Audit Committee and the Remuneration Committee of the Board with effect from 1 September 2018. The Board also announced the appointment of Dr. Wong Tin Yau Kelvin J.P. and Dr. Lam, Lee G. as the independent non-executive directors of the company with effect from 1 September 2018. Dr. Wong is an Executive Director, a Deputy Managing Director and the Chairman of Corporate Governance Committee of COSCO SHIPPING Ports Limited. Dr. Wong is currently an Independent Non-executive Director of Bank of Qingdao Co. Ltd., China ZhengTong Auto Services Holdings Limited, Huarong International Financial Holdings Limited and I.T Limited. Dr. Lam, aged 59, is Chairman of Hong Kong Cyberport Management Company Limited, Non-Executive Chairman - Hong Kong and ASEAN Region and Chief Adviser to Macquarie Infrastructure and Real Assets Asia, a member of the Hong Kong Special Administrative Region Government's Committee on Innovation, Technology and Re-Industrialization, the Hong Kong Council on Smoking and Health, the Council on Professional Conduct in Education (CPC), and the Court of the City University of Hong Kong, Convenor of the Panel of Advisors on Building Management Disputes of the Hong Kong Special Administrative Region Government Home Affairs Department, President of the United Nations Economic and Social Commission for Asia and the Pacific (UN ESCAP) Sustainable Business Network (ESBN) Executive Council and Chairman of its Task Force on Banking and Finance, Chairman of the Permanent Commission on Economic and Financial Issues of World Union of Small and Medium Enterprises (WUSME). The Board also announced that with effect from 1 September 2018, Mr. Chu Kin Wang Peleus, an independent non-executive Director of the Company, has been appointed as the chairman of the Audit Committee of the Board; Mr. LAU Kin Hon, an independent non-executive Director of the Company has been appointed as the chairman of the Remuneration Committee of the Board; and Mr. WONG Wun Ming, the Chairman of the Board and an executive Director of the Company has been appointed as the chairman of the Nomination Committee and a member of the Remuneration Committee of the Board.