The board of directors of Kingston Financial Group Limited announced that with effect from 1 September 2016: Mr. Yu Peter Pak Yan has tendered his resignation as independent non-executive Director as he would like to devote more time to his personal commitments. Subsequent to Mr. Yu's resignation, Mr. Yu ceased to be the chairman of the remuneration committee of the Company, a member of each of the audit committee of the Company and the nomination committee of the Company. The board announced that with effect from 1 September 2016, Ms. Lo, Miu Sheung Betty has been appointed as an independent non-executive Director. Ms. Lo, aged 54, is a qualified solicitor in Hong Kong and has over 27 years of experience in general legal practice, with specialisation in conveyancing, commercial and probate laws. Ms. Lo has been in active practice since qualification and is currently a consultant of Messrs. K.C. Ho & Fong, Solicitors & Notaries. The Board further announced that with effect from 1 September 2016, Ms. Lo has been appointed as the chairman of the Remuneration Committee and a member of each of the Audit Committee and Nomination Committee.