Playmates Toys Limited announced that composition of the following Board Committees of the Company has been changed as follows with effect from 28 May 2021: Mr. Yu Hon To, David ("Mr. Yu") and Mr. Ip Shu Wing, Charles, both are independent non-executive directors ("INED") of the Company, have been appointed as members of the Audit Committee. Mr. Ip has been appointed as the Chairman and a member of the Compensation Committee; Mr. Lam Wai Hon, Ambrose, an INED of the Company, has been appointed as a member of the Compensation Committee; and Mr. Chow Yu Chun, Alexander, an INED of the Company, has ceased to be a member of the Compensation Committee. Mr. Yu has been appointed as a member of the Nomination Committee.