The board of directors of Tungtex (Holdings) Company Limited announced that Mr. Siu Pui Lap has been appointed as
an independent non-executive director of the Company with effect from September 27, 2012. Mr. Siu Pui Lap, aged 60, is a retired banker with extensive experience in banking operations and business finance activities. He began his banking career in 1972 and held senior positions in various large international banks for the following 40 years, with extensive experience in the fields of internal audit, financial analysis, credit administration and corporate finance. He retired from the banking industry in mid-2012 and now engages in providing business and financial advisory services to private companies. The Board further announced that Mr. Joseph Wong King Lam has resigned as an independent non-executive director, the Chairman of the Audit Committee and a member of the Remuneration Committee of the Company with effect from September 27, 2012 due to his other business engagements which require more dedication. Mr. Wong has confirmed that he has no disagreement with the Board and there are no matters in relation to his resignation that need to be brought to the attention of the shareholders of the Company. Following the resignation of Mr. Wong, the Board announced that Mr. Siu has been appointed as the Chairman of the Audit Committee of the Company with effect from September 27, 2012.