The board of directors of U Banquet Group Holding Limited announced that Ms. LIU Yan (Ms. Liu) has tendered her resignation as an independent non-executive Director and the chairman of the remuneration committee of the Company and a member of the audit committee of the Company and the nomination committee of the Company with effect from 27 September 2018 in order to pursue her personal career development. The resignation has been accepted by the Board. Following the resignation of Ms. Liu, Mr. WONG Sincere (Mr. Wong) has been appointed as an independent non-executive director, and the Chairman of the Remuneration Committee, a member of the Audit Committee and the Nomination Committee. Mr. Wong became the founder and has been the principal of Sincere Wong & Co. since May 2016. He was an in-house counsel for Hutchison Whampoa Group from September 1996 to January 2005 and China Resources Enterprise, Limited from February 2005 to November 2006, chief legal officer of Shui On Construction and Materials Limited, a company listed on the Main Board of the Stock Exchange from November 2006 to June 2010, as well as the head of the legal department and company secretary of Sateri Holdings Limited from July 2010 to May 2011. He worked at the Hong Kong Stock Exchange from August 2011 to April 2016, and was a vice president of Listing & Regulatory Affairs Division at the time of his departure from the Hong Kong Stock Exchange, primarily responsible for reviewing listing applications and providing recommendations to the Listing Committee of the Hong Kong Stock Exchange regarding listing applications.