The Board of Vodatel Networks Holdings Limited announced that Yim Hong, an executive Director, the managing Director and the Chief Executive, has tendered his resignation to the Board which will take effect from 12 February 2016 as he has decided to early retire due to his decision to spend more time with his family. The Board has decided that Kuan Kin Man and Monica Maria Nunes will co-chair the positions of managing Director and Chief Executive with effect from 12 February 2016. Kuan Kin Man is the general manager and Monica Maria Nunes is the finance director of the company and its subsidiaries and both of them have been executive Directors since 1999 and served on the boards of the directors of various subsidiaries.

Monica Maria Nunes is also the Authorised Representative and the compliance officer of the company. With effect from 12 February 2016 when his resignation as an executive Director takes effect, Yim Hong will also resign from his role as the managing Director, the Chief Executive and an Authorised Representative under Rule 5.24 of the GEM Listing Rules. Foo Chun Ngai Redford, the company secretary of the company, will be appointed as one of the Authorised Representatives with effect from the same day.