Travel Expert (Asia) Enterprises Limited announced that Mr. Yung Ha Kuk, Victor will resign as an independent non-executive director of the Company as he would like to spend more time on his personal matters. He will cease to be the chairman of the Audit Committee and a member of each of the Nomination Committee and Remuneration Committee upon resignation; Mr. Tse Kam Tim has been appointed as an independent non-executive director of theCompany, the Chairman of the Remuneration Committee and a member of each of the Audit Committee and Nomination Committee; and Mr. Mak King Sau, an independent non-executive director of the Company, has been appointed as the chairman of the Audit Committee and will cease to be the chairman of the Remuneration Committee and will remain as a member of each of the Nomination Committee and Remuneration Committee. Mr. Tse, aged 72, holds a Bachelor of Social Sciences (Honours) and a Master of Business Administration from the University of Hong Kong, a Master of Arts in Management Research from Macquarie University, Australia and a Doctor of Philosophy from University of Birmingham, United Kingdom.

Mr. Tse has extensive experience in business development, change management, human resources development, management training and consultancy services. He worked in various multinational groups, including John Swire and Sons (H.K.) Limited, Citibank N.A., Wilson Learning Corporation (Australia, New Zealand and Asia), Hongkong International Terminals Limited with senior management positions. He is a former managing director of Yantian International Container Terminals Limited ("YICT"), a joint venture between the Hutchison Group and Yantian Port Group, one of the China major state owned enterprises.

During his tenure with YICT from 1993 to 2009, YICT achieved phenomenal results in and profitability. After retirement from business in 2009, Mr. Tse pursued his academic and consulting and research interest in management. Mr. Tse is active in community and academic services.

Currently, he is a member of the board of by The University of Hong Kong and the chairman of Education Foundation of Hong Kong University Graduates Association.