Playmates Holdings Limited at its Annual General Meeting held on May 21, 2021, approved appointment of Dr. Or Ching Fai, Raymond as director of the Company and the appointment of Mr. Chan Kong Keung, Stephen as director of the Company. Mr. Ip Shu Wing, Charles ("Mr. Ip") has tendered his resignation to act as an independent non-executive director ("INED") of the Company with effect from the conclusion of the AGM. Following his resignation, Mr. Ip also ceased to be the chairman of the Compensation Committee and a member of the Nomination Committee of the Company. Mr. Yu Hon To, David ("Mr. Yu") did not offer himself for re-election at the AGM and accordingly he retired as an INED of the Company at the conclusion of the AGM. Following his retirement, Mr. Yu also ceased to be a member of each of the Compensation Committee and the Audit Committee of the Company.