The board of directors of Vtech Holdings Ltd. announced that Mr. Denis Morgie HO Pak Cho has retired as an Independent Non-executive Director of the company with effect from the conclusion of the annual general meeting of the company held on July 12, 2013 due to his decision to retire. Upon his retirement as an Independent Non-executive Director, he has also ceased to be the chairman of the Audit Committee, and a member of the Nomination Committee and the Remuneration Committee of the company on the same date. The Board also announced that Mr. WONG Kai Man, an Independent Non-executive Director of the company has been appointed as the chairman of the Audit Committee of the company with effect from the conclusion of the 2013 AGM in place of Mr. HO.