The board of directors of Next Media Limited announced that Mr. Ting Ka Yu, Stephen has resigned as an Executive Director of the company, Chief Operating Officer and Chief Financial Officer of the Group and a member of the Remuneration Committee of the company with effect from January 1, 2016. Mr. Ting will also cease to act as an Authorized Representative of the company. After serving the Group for 18 years, Mr. Ting has decided to step down from all of the above executive positions in order to pursue his personal endeavors.

He confirmed that he has no disagreement with the Board and there are no other matters that need to be brought to the attention of the shareholders of the company in relation to his resignation. The company also announced that Mr. Chow Tat Kuen, Royston has been appointed as an Executive Director of the company, Chief Financial Officer of the Group and the Authorized Representative of the company with effect from January 1, 2016. Mr. Chow, aged 57, is currently the Deputy Chief Financial Officer of the Group, as well as the Chief Operating Officer of Apple Daily Printing Limited and Paramount Printing Company Limited.