Precision Tsugami (China) Corporation Limited announced that, pursuant to Article 16.18 of the Articles of Association, Mr. Yoshimasa Hashimoto, Mr. Tatsushi Hidano and Dr. Ng Lai Man Carmen will retire as directors at the Annual General Meeting. Dr. Ng Lai Man Carmen currently serves as an authorised representative pursuant to Rule 3.05 of the Listing Rules and a member of the Competition Executive Committee. The above retiring Directors have informed the Board that they will not stand for re-election as Directors of the Company at the forthcoming Annual General Meeting, as they would like to devote more time to their other business commitments and engagements. They will retire by rotation from the position of Directors and all other positions at the Company upon conclusion of the forthcoming Annual General Meeting pursuant to Article 16.18 of the Articles of Association.