Yue Yuen Industrial (Holdings) Limited announced the resignation of Leung Yee Sik as the chairman of the audit committee and the chairman of the remuneration committee of the Company with effect from June 1, 2018 and he will retire as an independent non-executive director of the Company and will not offer himself for re-election at the forthcoming annual general meeting which is expected to be held on June 4, 2018 due to his other commitments; Mr. Chu Li-Sheng will retire as an independent non-executive director of the Company and will not offer himself for re-election at the forthcoming annual general meeting which is expected to be held on June 4, 2018 due to his other commitments; and he will cease to be the member of each of the audit committee, the remuneration committee and the nomination committee of the Company with effect from the conclusion of the annual general meeting; and Mr. Wong Hak Kun has been appointed as an independent non-executive director of the Company, the chairman of the audit committee and the chairman of the remuneration committee of the Company with effect from June 1, 2018.