The board of directors of Cocoon Holdings Limited announced that with effect from August 21, 2018 Ms. Chan Man Yi has been appointed as an independent non-executive Director, a member of Remuneration Committee and the chairman and a member of each of Nomination Committee and Audit Committee. Mr. Wong Chung Yan Sammy has been appointed as the chairman and a member of Remuneration Committee and a member of Nomination Committee and Mr. Chen Albert has been appointed as a member of Investment Committee. Ms. Chan Man Yi has over 25 years of experience in pension and provident fund industry. Ms. Chan is a member of Hong Kong Institute of Certified Public Accountants. Ms. Chan is currently the company secretary of Glory Mark Hi-Tech (Holdings) Limited and an independent non-executive director of Orient Securities International Holdings Limited, both companies are listed on the GEM of The Stock Exchange of Hong Kong Limited.