The board of directors of International Housewares Retail Company Limited announced that Mr. Yeung Yiu Keung will be appointed as an independent non-executive director of the Company and a member of the audit committee, nomination committee and remuneration committee of the Company with effect from 21 December 2018. Mr. Yeung, previously was appointed as a non-executive director of the Company with effect from 18 April 2013, the date of incorporation of the Company and he was a member of the audit committee of the Company until his resignation on 26 September 2016. Currently, Mr. Yeung is an industrial adviser contracted with EQT AB, serving as an adviser to certain general partners of the EQT branded funds in transactions and during EQTs ownership of portfolio companies. The Board announced that Mr. Lau Chun Wah Davy, an independent non-executive director of the Company, will be redesignated as a non-executive director of the Company with effect from 21 December 2018. Mr. Lau remains as a member of the audit committee, nomination committee and remuneration committee of the Company. Mr. Lau was appointed as an independent non-executive Director and a member of the audit committee, nomination committee and remuneration committee of the Company with effect from 1 May 2018. Mr. Lau served as an independent non-executive director and a non-executive chairman of AL Group Limited between 15 June 2016 and 12 July 2017. Since June 2015, Mr. Lau has been serving as an independent director and the chairman of the nomination and remuneration committee of Manulife US Real Estate Management Pte. Ltd., the manager of the real estate investment trust (REIT), Manulife US Real Estate Investment Trust, which has been listed on the Singapore Exchange (stock code: BTOU) since 20 May 2016. Mr. Lau is currently the chairman of DGL Group Inc, managing his private direct investments.