The board of directors of International Housewares Retail Company Limited announced that with effect from 1 November 2014, Mr. CHUNG Tak Wai resigned as non-executive director and a member of remuneration committee and nomination committee of the company due to other business commitment. Besides, Mr. TSUI Ka Yiu resigned as independent non-executive director and a chairman of audit committee, members of remuneration committee and nomination committee of the company due to other business commitment. The board of the company announced that with effect from 1 November 2014, Mr. MANG Wing Ming Rene was appointed as independent non-executive director and a chairman of audit committee, members of remuneration committee and nomination committee of the company.

Mr. MANG Wing Ming Rene is currently the Managing Partner of Silversteps Limited. Mr. MANG possesses over 35 years of business experience in wholesale and retail sector in Hong Kong, China, Canada and Asian countries.