The board of directors of New Century Healthcare Holding Co. Limited announced the proposed appointment of Dr. CHENG Chi-Kong, Adrian (Dr. Cheng) as a non-executive director (NED) of the company and Mr. YANG Yuelin (Mr. Yang) as a NED and a member of the remuneration committee of the Company. In accordance with the articles of association of the Company, ordinary resolutions in relation to the appointment of Dr. Cheng and Mr. Yang will be put forward for shareholders' approval at the annual general meeting of the Company to be held on May 31, 2018 (AGM). Subject to approval of the shareholders at the AGM, the proposed appointment of Dr. Cheng and Mr. Yang will be effective from June 1, 2018. Ms. LIANG Yanqing (Ms. Liang) intends to retire from the Board on June 1, 2018 by reason of her desire to focus on her other work commitments. Ms. Liang has confirmed that she has no disagreement with the Board in any respect and there is no matter relating to her resignation that needs to be brought to the attention of the shareholders of the Company or The Stock Exchange of Hong Kong Limited (the "Stock Exchange"). Following Ms. Liang's resignation from her position as an NED, she will also no longer serve as a member of the remuneration committee of the Company. Dr. Cheng, aged 38, is an executive vice-chairman and general manager of New World Development Company Limited, an executive director of Chow Tai Fook Jewellery Group Limited, an executive director of New World Department Store China Limited, and a non-executive director of Giordano International Limited and i-CABLE Communications Limited, all of which are listed public companies in Hong Kong. Mr. Yang, aged 55, has been a tax senior manager at Ernst & Young (China) Corporate Consulting Co. Ltd. Beijing Branch since June 2008. Mr. Yang joined the tax department of Ernst & Young Hua Ming LLP in 1993.