New Sports Group Limited together with its subsidiaries, the (‘Group'), announced that Mr. Chui Man Lung Everett has tendered his resignation as an independent non-executive director of the company with effect from 20 January 2017 due to family and other work commitments. Mr. Chui has confirmed that there is no disagreement between him and the Board and there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the company or The Stock Exchange of Hong Kong Limited. The Board further announced that Mr. Chui ceased to be the chairman and a member of Audit Committee and a member of Nomination Committee and Salary Review Committee of the company with effect from 20 January 2017.

Dr. Tang Lai Wah was appointed as the chairman of Audit Committee of the Company with effect from 20 January 2017. The Board announced that Mr. Wong Yu King has tendered his resignation as the chief financial officer of the Company with effect from 20 January 2017. Mr. Wong has confirmed that there is no disagreement between him and the Board and there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company or the Stock Exchange.

The Board further announces that Mr. Fong Ching Kong has been appointed as the Chief Financial Officer of the Company with effect from 20 January 2017. Mr. Fong is responsible for the financial management of and the compliance with the Rules Governing the Listing of Securities of The Stock Exchange of Hong Kong Limited by the Group. Prior to joining the Company, Mr. Fong served as the financial controller and company secretary of a company listed on the Main Board of the Stock Exchange.