The Board of Directors of Newton Resources Ltd. announced that Dr. Cheng Kar Shun has tendered his resignation as a non-executive Director and the chairman of the Board with effect from April 9, 2018 due to his decision to devote more time to his other commitments. The board also announced that Chong Tin Lung, Benny has been appointed as an executive Director, the chairman of the Board, the chairman of the investment committee and a member of each of the nomination committee and the remuneration committee of the company with effect from April 9, 2018. Chong is currently an executive director, the executive chairman and the chief executive officer of Auto Italia Holdings Limited. Following the appointment of Chong as the chairman of the Investment Committee, Mr. Wu Wai Leung, Danny a non-executive Director, will cease to be the chairman of the Investment Committee and he has been re-designated as a member of the Investment Committee with effect from April 9, 2018 and following his appointment as an executive Director, Chong will be appointed as one of the authorized representatives of the Company while Li Changfa, an executive Director and the chief operating officer of the Company, will cease to be an Authorised Representative, both becoming effective from April 9, 2018. Mr. Lee Kwan Hung, an independent non-executive Director, has decided to focus more time on his roles and responsibilities as the chairman of each of the Nomination Committee and Remuneration Committee and his other commitments, and has tendered his resignation as a member of the audit committee of the Company with effect from April 9, 2018. To fill the vacancy so arisen, Mr. Wu has been appointed as a member of the Audit Committee with effect from April 9, 2018.