Sincere Watch (Hong Kong) Limited announced with effect from 1 October 2016: Mr. Zhang Xiaoliang, an executive Director, will be re-designated from Co-Chairman to Deputy Chairman; and Mr. Wu Ting Yuk, Anthony, an executive Director, will be re-designated from Co-Chairman to Deputy Chairman. Zhang, aged 45, was appointed an Executive Director and Co-Chairman of the Company on 22 April 2016. He is also a director of a number of the indirect wholly-owned subsidiaries of the Company, the president and producer of Aquamen Entertainment LLC. Mr. Wu, GBS, JP, aged 62, was appointed an Executive Director and Co-Chairman of the Company on 27 March 2015. He is also a director of a number of the Company's subsidiaries. Mr. Wu is a member of Standing Committee of the 12th Chinese People'sPolitical Consultative Conference National Committee.