The board of directors of CEC International Holdings Limited announced that Au Son You has tendered his notice of retirement as an independent non-executive director with effect from the conclusion of the AGM on September 29, 2021 and will not offer himself for re-election at the AGM. Au also resigned as the chairman of the remuneration committee and a member of the audit committee, the nomination committee and the accounts receivable supervisory committee of the company, all with effect from September 29, 2021. Au has 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. Following the retirement of Au, Goh Gen Cheung, an existing independent non-executive director and an existing member of the remuneration committee, will be appointed as the chairman of the remuneration committee to fill up the vacancy caused by the retirement of Au. Goh was appointed as an independent non-executive director with effect from December 1, 2005 and is a member of the audit committee, the remuneration committee and the nomination committee of the company. Goh has over 30 years of treasury, finance and banking experience. Goh is also an independent non-executive director of Beijing Properties (Holdings) Limited. The board further announced that the accounts receivable supervisory committee will be dissolved with effect from September 29, 2021. The functions and duties of the accounts receivable supervisory committee shall be taken over by the board. The board further announced that Lam Kwok Chung, an existing executive director, has been appointed as the deputy managing director with effect from August 1, 2021.