Playmates Toys Limited Announces Change in Composition of Board Committees
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.