Grand Concord International Holdings Limited announced the following management changes, with effect from October 12, 2016. The company announced that Mr. Wong Kin Ling has resigned as the chairman of the Board, executive Director and member of the remuneration committee and nomination committee; Madam Hung Kin has resigned as an executive Director; Mr. Wang Shao Hua has resigned as an executive Director; Mr. Wei Jin Long has resigned as a non-executive Director; Mr. Wang Jin Tang has resigned as an independent non-executive Director, chairman of the remuneration committee and member of the audit committee; Ms. Tay Sheve Li has resigned as an independent non-executive Director, chairman of the audit committee, member of remuneration committee and member of the nomination committee; Dr. Chan Ah Pun has resigned as an independent non-executive Director, chairman of the nomination committee, member of the remuneration committee and member of the audit committee; Mr. Wang Bin has been appointed as the chairman of the Board and an executive Director; Ms. Tian Ying has been appointed as the chief executive officer of the Company and an executive Director; Mr. Lam Tet Foo has been appointed as an executive Director; Mr. Zhang Yanlin has been appointed as a non-executive Director; Mr. Xu Dunkai has been appointed as an independent non-executive Director; Ms. Feng Xin has been appointed as an independent non-executive Director; and Mr. Hu Quansen has been appointed as an independent non-executive Director. Mr. Hu Quansen, Mr. Xu Dunkai and Ms. Feng Xin have been appointed as members of the audit committee and Mr. Hu Quansen has been appointed as the chairman of the audit committee; Mr. Xu Dunkai, Mr. Hu Quansen and Ms. Tian Ying have been appointed as members of the remuneration committee and Mr. Xu Dunkai has been appointed as the chairman of the remuneration committee; and Mr. Wang Bin, Mr. Hu Quansen and Ms. Feng Xin have been appointed as members of the nomination committee and Mr. Wang Bin has been appointed as the chairman of the nomination committee. The company announced that Mr. Wong Kin Ling and Madam Hung Kin ceased to act as the Authorized Representatives of the Company under Rule 3.05 of the Listing Rules with effect from 12 October 2016. The company further announced that Mr. Wang Bin and Ms. Tian Ying has been appointed as the Authorized Representatives of the Company with effect from 12 October 2016.