The Varitronix International Limited announced that Mr. Ko resigned as an executive Director and the chairman of the Board and Mr. Ho resigned as an executive Director, both with effect from 28 April 2016 upon Completion. Mr. Yao has been appointed as an executive Director and the chairman of the Board, Mr. Su has been appointed as an executive Director and a co-chief executive officer of the company, and Ms. Yang, Mr. Dong and Mr. Yuan have been appointed as non-executive Directors by the Board, all with effect from 28 April 2016 upon Completion. Ms. Ko Wing Yan, Samantha, an executive Director, has been redesignated from the chief executive officer to a co-chief executive officer of the Company with effect from 28 April 2016 upon Completion. Mr. Ko ceased to be a member of the Remuneration Committee and the Nomination Committee, and Dr. Lo Wing Yan, William J.P. ceased to be the chairman of the Nomination Committee (but shall remain as a member thereof), all with effect from 28 April 2016 upon Completion. Mr. Yao, Ms. Ko Wing Yan, Samantha and Mr. Chau Shing Yim, David have been appointed as members of the Remuneration Committee, Mr. Yao has been appointed as the chairman of the Nomination Committee, and Mr. Su and Mr. Chau Shing Yim, David have been appointed as members of the Nomination Committee, all with effect from 28 April 2016 upon Completion. Mr. Ho resigned and Mr. Pang Tien Kin has been appointed as the Company Secretary, both with effect from 28 April 2016 upon Completion. Mr. Ho ceased to be an Authorised Representative and Mr. Pang Tien Kin has been appointed as an Authorised Representative, both with effect from 28 April 2016 upon Completion.

The Board announced that the special dividend of HKD 1.35 per share will be paid to the shareholders whose names appear on the company's register of members on 17 June 2016. The special dividend is expected to be paid to the shareholders in Hong Kong dollars on 8 July 2016. No Special Dividend will be paid to the subscriber as it has agreed to waive its entitlement. To determine entitlement to the special dividend, the register of members of the company will be closed from 14 June 2016 to 17 June 2016 (both days inclusive), during which period no transfer of Shares will be registered.