Hanbo Enterprises Holdings Limited announced that as a result of the change of control of the company, all of the incumbent Directors, namely Mr. Cheng Lap Yin, Mr. Liu Chung Tong, Mr. Liu Ying Yin, James, Mr. Kao Lap Shing and Mr. Yu Yuen Mau, Banny, being the executive Directors, and Mr. Chung Kwok Pan, Mr. Lai Kin Keung and Mr. Lau Chart Chou, being the independent non-executive Directors, have tendered their resignation as Directors and their respective positions held in the Company with effect from 29 November 2016. Each of the resigning Directors has confirmed that he has no disagreement with the Board and there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company. Upon their resignation from the Company becoming effective, Mr. Cheng Lap Yin, Mr. Kao Lap Shing and Mr. Yu Yuen Mau, Banny will remain as a director of certain subsidiaries within the Group.

The Board also announced that with effect from 29 November 2016, Mr. Lam Kwan Sing and Mr. Wong Nga Leung have been appointed as executive Directors and Mr. Fok Ho Yin, Thomas, Mr. Chan Wai Cheung, Admiral and Mr. Hon Ming Sang have been appointed as independent non-executive Directors Mr. Lam has also be appointed as the chief executive officer of the company. Mr. Lam has over 18 years of experience in the commercial and corporate finance field and is a director of certain subsidiaries of the Company. Mr. Lam was an executive director and chief executive officer of Enterprise Development Holdings Limited from 13 February 2012 to 31 May 2015 and from 8 May 2013 to 31 May 2015 respectively.

Mr. Wong is a Chartered Financial Analyst. Currently, he is a director of a subsidiary of the Company. Mr. Wong was an executive director of China Smarter Energy Group Holdings Limited from 26 October 2011 to 31 October 2016.

Mr. Fok is an independent non-executive director of each of Landing International Development Limited and China Smarter Energy Group Holdings Limited. He was an executive director of Jian ePayment Systems Limited from 1 September 2007 to 31 July 2016. Mr. Chan is a member of the Hong Kong Institute of Certified Public Accountants and a fellow member of the Association of Chartered Certified Accountants.

He has extensive experience in accounting and auditing field. He was an independent non-executive director of Jia Meng Holdings Limited from 26 September 2013 to 22 May 2016. Mr. Hon is an executive director and the company secretary of China Smarter Energy Group Holdings Limited and an independent non-executive director of Runway Global Holdings Company Limited.

Upon the above change of the Board composition becoming effective on 29 November 2016, Mr. Kao Lap Shing has also resign as the company secretary of the Company and Mr. Cheng Lap Yin and Mr. Liu Chung Tong ceased to act as the authorised representatives to accept service of process or notices in Hong Kong on behalf of the Company under Part 16 of the Companies Ordinance (Chapter 622 of the Laws of Hong Kong). In addition, Ms. Man Tsz Sai, Lavender has been appointed as the Company Secretary and the Process Agent of the Company with effect from 29 November 2016. Ms. Man has more than 18 years of experience in the field of company secretarial services.