The board of directors of QPL International Holdings Limited announced that Mr. How Sze Ming, who will retire as an independent non-executive director of the company at the conclusion of the annual general meeting to be held on 8 September 2016, decided not to seek for re-election as an INED at the AGM due to his intention to concentrate on his other business and personal engagement. Mr. How has confirmed that his retirement is not due to any disagreement between him and the Board, and he is not aware of any other matters relating to his retirement that need to be brought to the attention of the shareholders of the company or The Stock Exchange of Hong Kong Limited.