The Board of Directors of ShiFang Holding Limited announced that the Board has approved the appointment of Mr. Tsui, Yiu Ming Siuming as an executive director of the Company with effect from 6 December 2015. Mr. Tsui, aged 62, is a famous director and producer in Hong Kong. He is the founder and the president of Hong Kong Television Association, was awarded in 2013 'World Outstanding Chinese' by the World Chinese Business Investment Foundation.

Mr. Tsui has extensive experience in operations management, and has served as vice president of Asia Television Limited, chief executive of the Emperor Motion Pictures Group, executive director of i-Cable Entertainment Limited, chief operating officer of i-Cable Satellite Television Limited and president of Sundream Motion Pictures Limited. Pursuant to the service contract entered with the Company, Mr. Tsui is appointed as Executive Director of the Company for an initial term of three years commencing from his appointment date 6 December 2015 subject to termination by either party with two months' written notice in advance. He will be subject to re-election by the Company at general meeting.

Mr. Tsui was also appointed as a member of the Nomination Committee of the Company.