PYI Corporation Limited announced that Mr. Marc Andreas Tschirner and Mr. Au Wai June has been appointed as an executive director of the Company with effect from 18 January 2021. During the period from 21 July 2020 to 8 January 2021, Mr. Tschirner was an executive director and group chief operating officer of Esprit Holdings Limited. Mr. Au was the managing director of a telecommunication equipment manufacturing and trading company with more than 16 years of experience and extensive knowledge in product development, purchasing, production, business administration and merchandising of both the People's Republic of China and overseas market. During the period from May 2019 to August 2020, Mr. Au was an executive director of Celebrate International Holdings Limited. Mr. Lau Tom Ko Yuen has stepped down from the role of Managing Director and remained as the Chairman with effect from 18 January 2021 in order to be more focused in his role as Chairman. He remains as an Executive Director and a member of the Remuneration Committee, the nomination committee and the share repurchase committee of the Company and a director of various subsidiaries of the Company.