Fook Woo Group Holdings Limited announced that with effect from 1 November 2012, Mr. Lai Hau Yin (‘Mr. Lai') has been appointed as an executive director of the company and a member of the executive committee of the company. Mr. Lai, aged 45, joined the Company as the General Manager of Finance and Operations in May 2012 and then became the Chief Financial Officer of the Company in September 2012. He is responsible for the financial planning and all the accountancy and financial aspects of the Group.

The company also announced that with effect from 1 November 2012, Mr. Tsang On Yip, Patrick (‘Mr. Tsang') has been appointed as a non-executive director of the Company and a member of the nomination committee and the remuneration committee of the Company. Mr. Tsang is a Director of Cheng Yu Tung Foundation Limited and Chow Tai Fook Enterprises Limited. He has over 20 years of international capital markets experience, and was most recently Managing Director, Head of Asia Fixed Income Capital Markets at Deutsche Bank AG, Hong Kong Branch, where he worked from 2003 to 2012.

The company also announced that with effect from 1 November 2012, Ms. Cheung Nga Lai, Carol (‘Ms. Cheung') has resigned as a non-executive director of the Company, as she will put focus on strengthening the marketing and human resources operations of the Company.