The board of directors of Lerado Financial Group Company Limited announced that Mr. Lam Chak Man has resigned the independent non-executive Director, the chairman of audit committee of the Company, the chairman of remuneration committee of the Company and a member of nomination committee of the Company with effect from 6 February 2018 as he would like to devote more time to his career commitments. Further, Mr. Chern Shyh Feng (Mr. Chern) has resigned the independent non-executive Director, a member of the Audit Committee, a member of the Remuneration Committee and a member of the Nomination Committee with effect from 6 February 2018 as he would like to devote more time to his career commitments. Further, Mr. Hsu Hong Te ("Mr. Hsu") has resigned the independent non-executive Director, a member of the Audit Committee, a member of the Remuneration Committee and a member of the Nomination Committee with effect from 6 February 2018 as he would like to devote more time to his career commitments. The board announced that Mr. Yu Tat Chi Michael (Mr. Yu) has been appointed as an independent non-executive Director, the chairman of the Audit Committee, the chairman of the Remuneration Committee and a member of the Nomination Committee with effect from 6 February 2018. Mr. Yu is also a founding member of The Hong Kong Independent Non-Executive Director Association. He is currently an independent non-executive director of Golden Resources Development International Limited since 30 August 2012, EVOC Intelligent Technology Company Limited since 30 May 2016, Applied Development Holdings Limited since 14 September 2016, and China Netcom Technology Holdings Limited since 31 August 2017. Mr. Yu has extensive experience in the field of accounting. Further, Mr. Yang Haihui (Mr. Yang) has been appointed as an independent non-executive Director, a member of the Audit Committee, a member of the Remuneration Committee and a member of the Nomination Committee with effect from 6 February 2018.