Unless otherwise stated, all definitions and terms used in this announcement shall have the same meanings as defined in the previous announcements dated 2 December 2015, 1 March 2016, 31 May 2016, 30 June 2016, 26 July 2016, 23 August 2016, 1 September 2016 and 30 September 2016.
Reference is made to the announcement dated 30 September 2016 where the Board had deliberated and resolved to set-up an in-house internal audit function within the Group (“IA Function”). The Board wishes to announce that the Group had been actively seeking for appropriate candidates for the IA Function since early October 2016 but the holiday and festive seasons in the month of December 2016 and January 2017 have affected the recruitment process.
Pursuant to the above, the Board wishes to announce that Moore Stephens Associates PLT has been appointed as the outsourced internal auditors of the Company to undertake the IA Function on 3 April 2017.
This announcement is dated 3 April 2017.