Luen Thai Holdings Limited announced that Mr. Qu Zhiming, Mr. Huang Jie and Mr. Seing Nea Yie has decided not to offer himself for re-election as Director at the AGM due to their respective personal retirement plan. The Board announces that, immediately after the conclusion of the AGM held on 25 May 2023, each of Mr. Qu and Mr. Huang retired from their respective office as an executive Director and Mr. Seing retired from his office as an independent non-executive Director. Upon Mr. Qu's retirement, he also stepped down as the chairman of the Board.