CFM Holdings Limited and together with its subsidiaries, collectively the announced, that Mr. Peter Lai Hock Meng has resigned as an Independent Director of the company, with effect from 18 July 2016. The company also announced that Mr. Er Kwong Wah has been re-designated as the Lead Independent Director following Mr. Peter Lai Hock Meng's cessation as the Lead Independent Director, Chairman of the Audit Committee and member of the Nominating and Remuneration Committees.