The Board of Lamtex Holdings Limited announced that, due to their desire to devote more time to other business engagements and personal affairs, Mr. Liu Zhanqing and Mr. Xiao Shen ("Mr. Xiao") have resigned as non-executive directors of the company with effect from 19 March 2020. The Board announced that, due to his desire to devote more time to other business engagements and personal affairs, Mr. Zeng Zhaolin ("Mr. Zeng") has resigned as an independent non-executive director of the company with effect from 19 March 2020. The Board announced that Mr. Cheng Tun Nei ("Mr. Cheng") and Mr. Huang Bin ("Mr. Huang") have been appointed by the Board as the executive directors of the company with effect from 19 March 2020. Mr. Cheng is an experienced investor in securities and also a seasoned businessman engaging in securities and financing, consultancy, hotel investment, real estate investment and development, import and export of cigarettes, perfume and cosmetic products business for many years. Mr. Huang is currently the director and general manager CITIC International Assets Management Limited. The Board announced that Mr. Xu Lin ("Mr. Xu"), Mr. Liu Kam Lung ("Mr. Liu") and Mr. Li Ming Guo ("Mr. Li") have been appointed by the Board as independent non-executive directors of the company with effect from 19 March 2020. Mr. Xu has been engaged in economic management for a long time. Mr. Liu is currently the chief executive officer of China Rise Finance Group Company Limited, being a member of Symphony Holdings Limited and the non-executive director of New Western Group Limited. Mr. Li currently acts as the chairman and general manager of Tianjin Yuanheng Investment Management Co. Ltd. The Board would like to announce that Mr. Pan Xian has been re-designated from an executive director to a non-executive director of the company with effect from 19 March 2020 due to his desire to devote more time to other business engagements and personal affairs. Mr. Zeng ceased to be the chairman of the remuneration committee of the company. Mr. Xu has been appointed as the chairman and Mr. Huang and Mr. Liu have been appointed as members of the remuneration committee of the company. Mr. Zeng ceased to be the chairman of the nomination committee of the company. Mr. Xu has been appointed as the chairman and Mr. Huang and Mr. Liu have been appointed as members of the nomination committee of the company. Mr. Zeng ceased to be the member of the audit committee of the company. Mr. Liu, Mr. Xu and Mr. Li have been appointed as members of the audit committee of the company. Mr. Wu ceased to be the chairman and Mr. Zeng ceased to be a member of the investment and management committee of the company. Mr. Cheng has been appointed as the chairman and Mr. Huang, Mr. Xu and Mr. Wu have been appointed as members of the investment and management committee of the company.