The Board of Tao Heung Holdings Limited announced that for personal reason, Mr. Chung Ming Fat will resign as an Executive Director with effect from 21 May 2015 but he will remain as a senior executive in the Group and focus on the logistics operations of the Group. The Board of the company announced that Ms. Wong Fun Ching has tendered her resignation as an Executive Director with effect from 21 May 2015 as she considers that her resignation would allow her to spend more time with her family. The Board of the company announced that Mr. Li Tze Leung will resign as an Independent Non-executive Director and the chairman of remuneration committee with effect from 21 May 2015 as he has to focus on his own business recently.

After Mr. Li's resignation, Mr. Ng Yat Cheung will be appointed as the chairman of remuneration committee with effect from 21 May 2015. Mr. Ng is currently an Independent Non-executive Director and the member of nomination committee.