Lisi Group (Holdings) Limited announced that Xu Jin has tendered his resignation as non-executive director and chairman of the remuneration committee of the company with effect from 22 July 2014 due to his other business commitments. Jin Yaxue has been appointed as executive director and chairman of the remuneration committee of the Company with effect from 22 July 2014. Jin Yaxue, aged 44, is currently the General Manager of household products business of the Group.

Ms Jin has been responsible for sales and operations management of Ningbo plant since 1998. She has over 18 years experience in development and sales of household products and sundries. She joined the Group when the Ningbo plant was acquired by the Group in 2010.

She is also a director of Da Mei (Ningbo) Electrical Appliance Limited, an indirect wholly-owned subsidiary of the Company.