The Board of The Sincere Company, Limited announced that as a result of the Underwriting Agreement, Mr. Charles Chan has been re-designated from an independent non-executive Director to a non-executive Director with effect from 18 September 2017. Following the re-designation of Mr. Charles Chan, Mr. Peter Tan, an independent non-executive Director, has been appointed as the chairman of the remuneration committee of the company with effect from 18 September 2017, while Mr. Charles Chan will continue to be a member of the audit committee, remuneration committee and nomination committee of the company.