Li & Fung Limited announced that Mr. Benedict Chang Yew Teck retired by rotation as a Non-executive Director of the company at the Annual General Meeting of the company held on May 15, 2014. Mrs. Margaret Leung Ko May Yee, an Independent Non-executive Director of the company, has assumed the role of Mr. Paul Edward Selway-Swift as the Chairman of the Audit Committee of the company. Dr. William Fung Kwok Lun, Group Chairman and an Executive Director of the company, and Mr. Martin Tang Yue Nien, an Independent Non-executive Director of the company, have been appointed as members of the Nomination Committee of the company.

Mr. Paul Edward Selway-Swift, an Independent Non-executive Director of the company, will continue to be a member of the Audit Committee and the Chairman of the Nomination Committee of the company. Mr. Allan Wong Chi Yun, an Independent Non-executive Director of the company, has been appointed and Mr. Martin Tang Yue Nien has resigned as a member of the Risk Management and Sustainability Committee of the company.