The board of directors of Fountain Set (Holdings) Limited announced that with effect from 19 May 2016, Mr. HA has resigned as an Executive Director, Vice Chairman, Authorised Representative and director of various subsidiaries of the company as he intends to invest more time to handle his own business and personal commitments. According to the articles of associations of the company, Mr. ZHANG Chong was the next director to retire by rotation. Therefore, the Board of the company has approved Mr. ZHANG to retire and stand for re-election at the forthcoming AGM in place of Mr. HA. The Board of the company also announced that with effect from 19 May 2016, Mr. GONG has resigned as an Authorised Representative of the company. Mr. ZHAO Yao and Ms. CHENG Wai Han Charmaine have been appointed as Authorised Representatives of the company under Rule 3.05 of the Listing Rules with effect from 19 May 2016.