The board of directors of Tai Ping Carpets International Limited announced that since Mr. Li Kwok Sing, Aubrey was re-elected as an independent non-executive director of the Company on 19 May 2017 and is subject to retirement by rotation at least once every three years, Mr. Li has retired as an independent non-executive director and has ceased to be a member of the audit committee of the Company, with effect from 18 May 2020. The Board also announced that Mr. Yung Lincoln Chu Kuen, an independent non-executive director of the Company, has been appointed as a member of the Audit Committee with effect from 18 May 2020.