The board of directors of Yangtzekiang Garment Limited announced that Mr. Sze Cho Cheung, Michael has resigned as an independent non-executive Director and Mr. Li Guangming has been appointed as an independent non-executive Director of the company with effect from 2 January 2018. Mr. Li has over 40 years' experience in the cotton textile industry. He was appointed as deputy chief of No. 1 Cotton Textile Factory of Wuxi City in July 1984 and chief of factory in February 1991. He has held various positions in Wuxi City Guolian Development (Group) Company Limited and its subsidiaries. Among other things, he was appointed as the general manager of Wuxi Guolian Textile Group Company Limited in October 2005, and subsequently served as the chairman of its board until December 2014. He had also held various management roles in Wuxi No. 1 Cotton Investment Co. Ltd. and its subsidiaries up to June 2015. Mr. Lin Keping has been appointed as the chairman of the remuneration committee of the company with effect from 2 January 2018. Mr. Li Guangming has been appointed as a member of the remuneration committee, the nomination committee and the audit committee of the company, all with effect from 2 January 2018.