The board of directors of VTech Holdings Limited announced that Mr. Michael TIEN Puk Sun has retired as an Independent Non-executive Director of the Company with effect from the conclusion of the annual general meeting of the Company held on 15 July 2016 due to his busy schedule. Upon his retirement as an Independent Non-executive Director, he has also ceased to be the chairman of the Remuneration Committee, and a member of the Audit Committee and the Nomination Committee of the Company on the same date. The Board announced that Dr. Patrick WANG Shui Chung, an Independent Non- executive Director of the Company has been appointed as the chairman of the Remuneration Committee, and a member of the Audit Committee of the Company with effect from the conclusion of the 2016 AGM in place of Mr. TIEN following his retirement.