The board of directors of Sheng Ye Capital Limited announced that Ms. Tung Ching Ching has resigned as a non-executive Director with effect from 7 September 2018 in order to devote more time to her other business development. Ms. Tung has confirmed to the Board that she has no disagreement with the Board and that there are no other matters in relation to her resignation that need to be brought to the attention of the shareholders of the company. The Board hereby announced that Mr. Fong Heng Boo has been appointed as an independent non-executive Director with effect from 7 September 2018. Mr. Fong has over 40 years of experience in auditing, accounting and management. Fong has been appointed as an independent director of Colex Holdings Limited since March 1999, an independent director of CapitaLand Retail China Trust Management Limited since January 2013, an independent director of TA Corporation Ltd. since December 2017 and an independent director of Advance SCT Ltd. since July 2018. He has also been an independent director of Asian American Medical Group Limited, a company listed on the Australian Securities Exchange, since August 2009. Fong has been appointed as an independent director of Advance SCT Ltd, since July 2018. He has also been an independent director of Asian American Medical Group Limited, since August 2009.