The Board of 361 Degrees International Limited announced that Mr. Tsui Yung Kwok has retired as a director of the company at the close of the AGM on 20 May 2019, and has ceased to be the chairman of the audit committee of the Company, and member of each of the remuneration committee and nomination committee of the Company. Mr. Tsui has confirmed that he has no disagreement with the Board and there is no matter with respect to his retirement that needs to be brought to the attention of the Shareholders. The Board announced that Mr. Hon has been appointed as the independent non-executive director of the Company effective from the close of the AGM on 20 May 2019. Mr. Hon Ping Cho Terence is an independent non-executive director of Xiabuxiabu Catering Management (China) Holdings Co. Ltd., a company listed on the Main Board of the Stock Exchange, and Jimu Group Limited, a company listed on the Growth Enterprise Market of the Stock Exchange, since 28 November 2014 and 11 December 2017, respectively. He was previously the chief financial officer and company secretary of DTXS Silk Road Investment Holdings Company Limited (Stock Code: 620), a company listed on the Main Board of the Stock Exchange, from June 2016 (as chief financial officer) and November 2016 (as company secretary) until September 2018. Prior to working at DTXS Silk Road Investment Holdings Company Limited, Mr. Hon worked at a number of companies, including at Auto Italia Holdings Limited (Stock Code: 720) as chief financial officer and company secretary between December 2013 and April 2016, China Dongxiang (Group) Co. Ltd. (Stock Code: 3818) as chief financial officer between December 2010 and October 2012, Ka Wah Construction Materials (Hong Kong) Limited as chief financial officer between September 2008 to December 2010, TOM Group Limited (Stock Code: 2383) between June 2001 and February 2008 with his last position as the group finance director, and Ng Fung Hong Limited as a company secretary of the group between 1996 and 2001. Before moving to the commercial section, Mr. Hon worked in an international accounting firm. The Board announced that the following are the changes in composition of the Board committees of the Company effective from 20 May 2019 as a result of the retirement of Mr. Tsui and appointment of Mr. Hon: Mr. Li Yuen Fai Roger, an independent non-executive Director, has been appointed as the chairman of the audit committee of the Company; and Mr. Hon has been appointed as a member of the audit committee of the company; Mr. Hon has been appointed as a member of the remuneration committee of the Company; Mr. Li Yuen Fai Roger has stepped down as the chairman of the nomination committee of the Company but remained as a member of the committee; and Mr. Hon has been appointed as the chairman of the nomination committee of the Company.