The Board of Directors of International Housewares Retail Company Limited announced that Ms. Ngai Lai Ha, who is currently the Vice-Chairman and an executive director of the company, will be appointed as the Chairman of the Board and the Chairman of the nomination committee of the company with effect from 1 March 2017, in place of Mr. Lau Pak Fai Peter ("Mr. Lau") who will remain as an executive director and a member of the nomination committee of the company. Ms. Ngai is the co-founder of the company.