Luen Thai Holdings Limited announced that Each of Mr. Qu and Mr. Huang has informed the Board that he will not offer himself for re-election as an executive Director and Mr. Seing has also informed the Board that he will not offer himself for re-election as an INED. Their retirement shall take effect upon the conclusion of the AGM. Each of Mr. Qu, Mr. Huang and Mr. Seing has confirmed that he has no disagreement with the Board and there is no matter relating to his cessation as Director that needs to be brought to the attention of the Stock Exchange and/or the
Shareholders. The Board expresses its gratitude and appreciation to Mr. Qu, Mr. Huang and Mr. Seing for their valuable contributions to the Company during their tenure of office.