The board of directors of International Housewares Retail Company Limited announced that due to family circumstances, Mr. Lau Wai Pun, Raymond retired by rotation as independent non-executive director of the company in accordance with the articles of association of the company at the conclusion of the annual general meeting of the company held on 26 September 2016 and did not offer himself for re-election. Mr. Lau ceased to be members of the audit committee, nomination committee and remuneration committee of the company upon his retirement as independent non-executive director of the company at the conclusion of the Annual General Meeting. The board announced that Mr. Yeung Yiu Keung resigned as non-executive director of the company with effect from the conclusion of the Annual General Meeting due to his other business commitment. Following his resignation, Mr. Yeung has ceased to be a member of the audit committee of the company. The board announced that Mr. Neo Sei Lin Christopher was appointed as independent non-executive director of the company and member of the audit committee, nomination committee and remuneration committee of the company from the conclusion of the Annual General Meeting. Mr. Neo, aged 46, has over two decades of experience managing business units in the consumer goods and beauty industries. He serves as independent non-executive director of AL Group Limited, since 15 June 2016.