The board of directors of Sincere Watch (Hong Kong) Limited announced that Dr. Wong Yun Kuen (Dr. Wong) has tendered his resignation as an independent non-executive Director with effect from 1 December 2017 as he would like to devote more time to his other commitments. Subsequent to his resignation, Dr. Wong has ceased to be the chairman of the Remuneration Committee, and a member of each of the Audit Committee, the Nomination Committee and the Investment Committee of the company. The Board also announced that Mr. Yu Zhenxin, an independent non-executive Director and a member of each of the Audit Committee and the Investment Committee, has been appointed as the chairman of the Remuneration Committee and a member of the Nomination Committee of the company with effect from 1 December 2017.