The board of directors of New Wisdom Holding Company Limited announced that with effect from 28 March 2018: Mr. Yip Tai Him has resigned as an independent non-executive Director and also ceased to be the chairman of the audit committee of the Company and a member and the corporate governance committee of the Company. Mr. Yip has tendered his resignation in order to devote more time to his other business commitments. Mr. Zeng Shiquan has been appointed as an independent non-executive Director and a member of each of the Audit Committee, Nomination Committee and Corporate Governance Committee. From November 2013 to July 2017, Mr. Zeng has been appointed as an independent director of Shenzhen Kedali Industry Co. Ltd. From June 2013 to May 2015, Mr. Zeng was appointed as an independent non-executive director of Beijing Enterprises Clean Energy Group Limited. From January 2016 to February 2016, Mr. Zeng was appointed as an independent non-executive director of Aurum Pacific (China) Group Limited. Mr. Zeng has been appointed as an independent non-executive director of Tourism International Holdings Limited. Following Mr. Yip's resignation, Mr. Chan Yee Ping, Michael has been appointed as the chairman of the Audit Committee in his place.