China Opto Holdings Limited announced that Mr. Chan Sze Hung ("Mr. Chan") did not offer himself for re-election as an independent non-executive Director at the AGM held on June 27, 2016, due to his personal commitments. Therefore, he retired as an independent non-executive Director with effect from the conclusion of the AGM. Following Mr. Chan's retirement, he ceased to be the chairman of the Remuneration Committee and member of the Audit Committee and the Nomination Committee of the company. Mr. To Shing Chuen, an independent non-executive Director of the company, has been appointed as the chairman of the Remuneration Committee with effect from the conclusion of the AGM in place of Mr. Chan.