The board of directors of Cocoon Holdings Limited announced that Miss Chan Carman Wing Yan ("Miss Chan") has been appointed as an executive Director and the chairman and a member of investment committee ("Investment Committee") of the Board with effect from 25 February 2019. Miss Chan, aged 39, is one of the responsible officers of Bradbury Asset Management (Hong Kong) Limited ("BAM"). Miss Chan is currently a licensed person to carry out type 9 (asset management) regulated activities under the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) (the "SFO"). Miss Chan is experienced in dealing in securities, fund management, corporate management, corporate finance and managing investment companies listed under Chapter 21 of the Rules (the "Listing Rules") Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Stock Exchange"). Before joining BAM as a responsible officer in 2016, Miss Chan acted as a type 4 (Advising on Securities) and type 9 (Asset Management) responsible officer, executive director and chief operating officer of Iridium Capital Limited, a SFC licensed corporation since 2015. From 2011 to 2015, Miss Chan worked for CU Investment Management Limited, which was the investment manager of National Investments Fund Limited (stock code: 1227), a company listed on the Stock Exchange. Miss Chan was an independent non-executive director of Zhi Cheng Holdings Limited (stock code: 8130), a company listed on GEM of the Stock Exchange, during the period from July 2015 to November 2017. Mr. Chen Albert has resigned as the chairman and a member of Investment Committee with effect from 25 February 2019.