The board of directors of SJM Holdings Limited announced that Dr. Ho Hung Sun, Stanley will, with effect from the conclusion of the annual general meeting of the company to be held on 12 June 2018, retire from his positions as chairman and executive director and a member of the executive committee of the board of the company. In recognition of Dr. Ho's invaluable contributions to the Group during his tenure of services, the Board will appoint Dr. Ho as "Chairman Emeritus" of the company following his retirement at the 2018 AGM. The board further announces that, with effect from the conclusion of the 2018 AGM, the board will appoint Ms. Ho Chiu Fung, Daisy to succeed as Chairman and Executive Director of the Company; Mr. Fok Tsun Ting, Timothy and Deputada Leong On Kei, Angela as Co-chairmen and executive directors of the company; and Dr. So Shu Fai as vice-chairman, executive director and chief executive officer of the company.

The board also announces that Dr. Chan Un Chan is recommended by the Board for election as an Executive Director of the Company at the 2018 AGM following the retirement of Dr. Ho Hung Sun, Stanley at that meeting.