The Board of VSTECS Holdings Limited announced that with effect from the close of the AGM, Mr. Hung Wai Man ("Mr. Hung") retired at the AGM and did not offer himself for re-election as an independent non- executive director of the Company as he intended to devote more time to his other personal commitments. Mr. Hung also ceased to be the a member of the audit committee, remuneration committee and nomination committee of the Company. Mr. Hung confirmed that he has no disagreement with the Board and there are no matters relating to his retirement that need to be brought to the attention of the shareholders of the Company or the Stock Exchange.