Fountain Set Holdings Ltd. announced that GONG Zhengyi has resigned as a member of the Remuneration Committee; Mr. LAN Jiang has been appointed as an Executive Director and a member of the Remuneration Committee; and Mr. William LAM has been appointed as an Independent Non-executive Director, a member of the Audit Committee and a member of the Nomination Committee. Mr. CHOW has resigned as a Independent Non-Executive Director, Member of Audit Committee and Member of Nomination Committee. Mr. LAN Jiang, is currently a director and the deputy general manager of Chinatex (H.K.) Holding Limited. Mr. LAN has over 20 years of experience in the textiles industry. He Mr. LAN has entered into a service contract with the Company (the "Service Contract") on 9 May 2016 for a term of three years commencing on 9 May 2016, which is terminable by either the Company or Mr. LAN by giving no less than six months' notice in writing to each other. Mr. William LAM, is a solicitor of the Hong Kong SAR and the Supreme Court of England and Wales, and a civil celebrant of marriages in Hong Kong. Mr. LAM also serves in many areas. He is an executive committee member of the Federation of Hong Kong Guangdong Community Organisations, the president of the University of Manchester Alumni Association of Hong Kong and a member of the Technology Committee of the Law Society of Hong Kong and was a co-opted member of the Chinese Temples Committee from 2009 to 2015.