The board of directors of Wasion Group Holdings Limited announced the retirement of Mr. Hui Wing Kuen as an independent non-executive director of the company and the election of Mr. Chan Cheong Tat as an independent non-executive director of the company. Mr. Hui has confirmed that he has no disagreement with the board and there is no matter that need to be brought to the attention of the shareholders of the company with regard to his retirement. Mr. Chan will enter into a service contract with the company for the term of 1 year until the next annual general meeting of the company, subject to retirement by rotation and re-election at the annual general meeting of the company in accordance with the company's Articles.

Mr. Chan is the sole director of a tax consultancy company, C T Tax Consultants Limited, since October 2007.