Pacific Textiles Holdings Limited announced that with effect from October 1, 2021:- Mr. Masaru OKUTOMI is re-designated from the vice chairman of the Board to the chairman of the Board and the Chief Executive Officer of the Group; Mr. WAN Wai Loi is re-designated from the Chairman and the CEO to the Vice Chairman. Mr. Okutomi, aged 64, joined the Group on July 1, 2019 as executive Director and the Vice Chairman. He is also a director of various subsidiaries of the Group. Mr. Okutomi has been responsible for supervising the company's operations, leading the Group's CSR and ESG planning and execution. Mr. Okutomi will continue to serve as an executive Director, a member of the Remuneration Committee and a member of the Nomination Committee. Mr. WAN Wai Loi will lead the management team and oversee the overall production and operation of the Group, providing corporate directions and formulating business strategies of the Group. He has over 50 years of experience in the textiles industry. Following Mr. Wan's Re-designation with effect from 1 October 2021, Mr. Wan becomes the Vice Chairman. He will continue to serve as an executive Director, a member of the Remuneration Committee and a member the Nomination Committee. He will facilitate the implementation of the Group's business strategies and assist the Chairman in supervising the Group's overall operations.