The board of directors of Yue Yuen Industrial (Holdings) Limited announced the changes in directorships and composition of the audit committee, remuneration committee and nomination committee. Mr. Huang Ming Fu, having served the Company for more than 9 years, has tendered his resignation as the chairman of the nomination committee and the member of the audit committee and the remuneration committee of the Company with effect from May 24, 2019 and he will retire as an independent non-executive director of the Company and will not offer himself for re-election at the forthcoming annual general meeting which is expected to be held on May 31, 2019 due to his other commitments; and Mr. Ho Lai Hong has been appointed as an independent non-executive director of the Company, the chairman of the nomination committee and the member of the audit committee and the remuneration committee of the Company with effect from May 24, 2019.