Power Assets Holdings Limited announced that Mrs. CHOW WOO Mo Fong, Susan, Mr. KAM Hing Lam and Mr. YUEN Sui See have resigned as Executive Directors; Mr. TSO Kai Sum has resigned as a Non-executive Director and the Deputy Chairman and Senior Adviser to the Board, and Mr. Ronald Joseph ARCULLI has resigned as a Non-executive Director; Mr. FONG Chi Wai, Alex, Mr. LEE Lan Yee, Francis and Mr. George Colin MAGNUS have resigned as Independent Non-executive Directors; Mr. TSAI Chao Chung, Charles has been appointed as an Executive Director and the Chief Executive Officer of the company; Mr. IP Yuk-keung, Albert has been appointed as an Independent Non-executive Director; Mr. LI Tzar Kuoi, Victor and Mr. Frank John SIXT have been re-designated from Executive Directors to Non-executive Directors; and Mr. Neil Douglas MCGEE has been re-designated from a Non-executive Director to an Executive Director.