The board of directors of CHTC Fong's Industries Company Limited announced that with effect from October 1, 2016, Mr. Fong Kwok Leung, Kevin will be re-designated from an executive director to a non-executive director of the Company due to Mr. Fong's desire to devote more time to his family business. Mr. Fong has been responsible for overseeing the stainless steel trading and stainless steel casting businesses of the Group for a long period.