The board of directors of SMI Holdings Group Holdings Limited announced that Mr. Hung Ka Hai Clement was appointed as an independent non-executive director, Chairman of Audit Committee, Member of Remuneration Committee and Nomination Committee of the Company with effect from 16 January 2017. Mr. Hung retired from the Chairman role of Deloitte in June 2016. He also represented Deloitte China in the Deloitte Global Board and Governance Committee as a member during at that time. Mr. Hung is the independent non-executive director of Sino Credit Holdings Limited. The Board also announced that Mr. LI Wing Yin has tendered his resignation as an independent non-executive director of the company with effect from 16 January 2017.