The board of directors of Lamtex Holdings Limited announce that Mr. Sze Ka King has been appointed by the Board as a non-executive director of the Company with effect from 28 August 2020. Mr. Sze, aged 32, From July 2012 to June 2016, he worked at the Securities and Futures Commission of Hong Kong where he started his tenure as a Graduate Trainee and subsequently promoted to Assistant Manager, rotating between departments such as the Licensing Department and the Intermediaries Supervision Department. After he left the SFC, he started building his career as a Compliance Consultant by working at the Compliance Hong Kong Consulting Limited and Alles Compliance Consulting Limited since February 2017 and August 2017 respectively, devoting himself to the handling of various types of application and notifications to the SFC, including but not limited to application for new licence and change of condition. Besides, Mr. Sze, as Compliance Consultant, also provides advice to licensed corporations on an on-going basis. The Board also announced that Mr. Cheung Chi Man Dennis, Mr. Fung Kim Shun and Dr. Wen Yanfeng have been appointed by the board as independent non-executive directors of the company with effect from 28 August 2020. Mr. Cheung, aged 52, is currently an independent non-executive director of the Prosper Construction Holdings Limited, a company listed on the Main Board of The Stock Exchange of Hong Kong Limited, and also an independent non-executive director, a chairman of the audit committee and a member of each of the remuneration committee and the nomination committee of Sanbase Corporation Limited, a company listed on the GEM of the Stock Exchange. He is a fellow member of The Hong Kong Institute of Certified Public Accountants and a certified tax adviser of The Taxation Institute of Hong Kong. Mr. Cheung has over 20 years' experience in financial management, treasury and company secretarial matters. He was appointed as an independent non-executive director of New Western Group Limited, a company listed on the GEM of the Stock Exchange, between April 2015 and May 2020. Mr. Fung, aged 52, serves as Deputy Secretary-General of Zhang Xueliang Foundation and Honorary Advisor of Hong Kong Chaodai Guo Clan Association. Mr. Fung served in the Hong Kong Police Force for 19 years. He graduated from the Special Criminal Investigation Training School in May 1997 and completed the basic oral swab sampling course at the Hong Kong Government Laboratory in June 2003. Mr. Fung mainly worked in the police force, including intelligence group, serious crime group and anti-triad group. Dr. Wen, aged 40, he is also the director of the Institute of Financial Securities Litigation of the Litigation Case Research Center of the People's University of China, a visiting scholar of the Law School of the University of Hong Kong, mediator of Shenzhen Securities and Futures Dispute Mediation Center, and member of Shenzhen Intellectual Property Expert Committee. Dr. Wen had served as deputy chief of the economic crime investigation bureau of Shenzhen Public Security Bureau. He has been engaged in economic crime investigation for more than 14 years, with rich legal practice experience in financial securities, intellectual property rights, criminal compliance, tax compliance, criminal and civil, criminal and administrative intersection. He has dealt with major financial cases such as the Southern Securities case, China Merchants Securities case, Aokangde Lianxing company's major foreign exchange fraud case, and has handled cases involving infringement of intellectual property rights of Huawei, ZTE, Microsoft, Intel, Apple, Samsung and other well-known companies. On behalf of the Shenzhen municipal government, he edited the Summary of 40 years' Intellectual Property Classic Cases in Shenzhen Special Economic Zone. The Board also announced that with effect from 28 August 2020 Mr. Liu Kam Lung has been re-designated from an independent non-executive Director to an executive Director. Mr. Liu, aged 56, has over 29 years of experience in the financial industry. Mr. Liu is currently the chief executive officer of China Rise Finance Group Company Limited, being a member of Symphony Holdings Limited. Mr. Liu had been a non-executive director of New Western Group Limited during the period from 16 October 2014 to 2 June 2020, an independent non-executive director of Pak Tak International Limited during the period from 24 September 2014 to 1 October 2019, and an independent non-executive director of Enterprise Development Holdings Limited during the period from 28 January 2015 to 27 April 2017. Change in composition of board committees: The Board announced that with effect from 28 August 2020: Remuneration Committee: Mr. Liu ceased to be the member of the remuneration committee of the company. Mr. Cheung has been appointed as the chairman and Mr. Fung and Dr. Wen have been appointed as members of the remuneration committee of the company. Nomination Committee: Mr. Liu ceased to be the member of the nomination committee of the company. Mr. Cheung, Mr. Fung and Dr. Wen have been appointed as members of the nomination committee of the company. Audit Committee: Mr. Liu ceased to be the chairman of the audit committee of the company. Mr. Cheung has been appointed as the chairman and Mr. Fung and Dr. Wen have been appointed as members of the audit committee of the company.