The board of directors of Jicheng Umbrella Holdings Limited announced that in accordance with the Articles of Association of the company, Mr. Tse Ka Wing, an Independent Non-executive Director of the company, will retire by rotation at the forthcoming annual general meeting of the company to be held on 28 May 2015 (or any adjournment thereof) and will not seek for re-election. Upon his retirement, Mr. Tse will also cease to be the chairman of the Audit Committee and a member of the Remuneration Committee and a member of the Nomination Committee of the company.