Playmates Holdings Limited announced that as previously announced, Mr. Lee Peng Fei, Allen would not offer himself for re-election at the AGM and accordingly he has retired as an independent non-executive director of the Company at the conclusion of the AGM. Following his retirement, Mr. Lee also ceased to be the chairman of the Compensation Committee and a member of the Audit Committee and the Nomination Committee of the Company. The Board announced that Mr. Ip Shu Wing, Charles, an independent non-executive director of the Company, has been appointed as the chairman of the Compensation Committee and a member of the Nomination Committee of the Company with effect from 24 May 2019. The Board further announces that Mr. Yu Hon To, David, an independent non-executive director of the Company, has been appointed as a member of the Compensation Committee of the Company with effect from 24 May 2019.