The board of directors of Wai Chi Holdings Company Limited (the "company") announced that Mr. Peng Jian has resigned as Executive Director of the company with effect from 16 January 2017 to pursue his own career development. Mr. Peng confirmed that he has no disagreement with the Board and there are no circumstances relating to his resignation which need to be brought to the attention of The Stock Exchange of Hong Kong Limited and the shareholders of the company.