Emperor Watch & Jewellery Ltd. announced that at the annual general meeting held on May 25, 2016 approved the following Board changes. Mr. Chan Hon Piu (Mr. HP Chan) has served the Board for almost 8 years and being eligible, did not offer himself for re-election and retired by rotation as an Independent Non-executive Director upon conclusion of the AGM. The Board announced that Ms. Chan Sim Ling, Irene (Ms. Irene Chan) was elected by the Shareholders at the AGM as Director and acts as an Independent Non-executive Director upon conclusion of the AGM in order to fill the casual vacancy created by the retirement of Mr. HP Chan. Following his retirement at the AGM, Mr. HP Chan automatically ceased to act as the chairman of the Nomination Committee as well as a member of the Audit Committee and the Corporate Governance Committee under the Board. At the same time, Ms. Irene Chan has been appointed to succeed Mr. HP Chan for such positions. Currently, Ms. Irene Chan is an independent non-executive director of Chinlink International Holdings Limited and See Corporation Limited. Pursuant to the appointment letter given to Ms. Irene Chan, her appointment as Independent Non-executive Director shall be for an initial term of two years commencing from May 25, 2016 and shall continue automatically thereafter on a yearly basis until being terminated by either party with written notice.