The board of directors of Matrix Holdings Limited announced that with effect from 1 April, 2018, Ms. Yip Hiu Har will be appointed as an Executive Director of the company. Ms. Yip joined Funrise Toys Limited, indirect wholly-owned subsidiary of the company, since 2007. She has about 10 years' experience in toy industry. She is currently in charge of procurement of the group. As at the date of this announcement, Ms. Yip holds approximately 0.026% interest in the issued share capital of the company (200,000 ordinary shares interest). There is no service agreement entered into between the company and Ms. Yip in respect of her appointment as executive director of the company. The appointment has no fixed term of service with the company for her being an executive director of the company but will be subject to retirement by rotation and re-election at annual general meetings in accordance with the bye- laws of the company.