The board of directors of Hong Wei (Asia) Holdings Company Limited announced that Lai Ming Wai has been appointed as a non-executive Director with effect from July 10, 2015. Mr. Lai was a senior executive of Bank of America and was primarily responsible for developing and managing the bank's business in southern region of the People's Republic of China. Mr. Lai has extensive experience in the banking and finance industry.

Mr. Lai is currently an executive director of Enviro Energy International Holdings Limited and was an executive director and the chief executive officer of Hailiang International Holdings Limited (formerly known as Sunlink International Holdings Limited) until June 3, 2014, both companies are listed in Hong Kong.