Wang on Group Limited Announces Demise of Lee Peng Fei, Allen, an Independent Non-Executive Director

Wang On Group Ltd is an investment holding company principally engaged in the property development business. The Company operates its business through five segments. The Fresh Markets segment is engaged in the management and sub-licensing of fresh markets and butchery business include management of agricultural produce exchange markets. The Pharmaceutical segment is engaged in the production and sale of pharmaceutical and health food products. The Property Development segment is engaged in the development of properties. The Treasury Management segment is engaged in the provision of finance, investment in debt and other securities. The Property Investment segment is engaged in the investment in industrial and commercial premises and residential units for rental or for sale.