The Board of Directors of Goldlion Holdings Limited, and together with its subsidiaries announced the following changes with effect from 16 April 2018. Dr. Tsang Hin Chi retires from the position of Chairman and resigns as an executive Director of the Company due to health reasons. Mr. Tsang Chi Ming Ricky, the Deputy Chairman, is re-designated as Chairman. After the above changes, Mr. Tsang is the executive Chairman and Chief Executive Officer of the Company. Mr. Tsang, J.P. joined the Group in 1989 and was appointed as an executive Director in 2001 and Chief Executive Officer in 2005. He has extensive commercial experience and is a member of the National Committee of the C.P.P.C.C. Mr. Tsang is also vice chairman of Guangdong Federation of Industry & Commerce, vice chairman of Guangdong Province Federation of Returned Overseas Chinese, vice chairman of the Chinese General Chamber of Commerce, chairman of Hong Kong Guangdong Youth Association, executive chairman of Hong Kong Hakka Associations, executive chairman of Hong Kong Federation of Meizhou Associations, chairman of Hong Kong Meizhou General Chamber of Commerce, vice president of Centum Charitas Foundation, chairman of Proactive Think Tank Limited and an honorary citizen of each of Guangzhou and Meizhou.