The board of directors of Karrie International Holdings Limited announced that Mr. Chan Sui Sum, Raymond has resigned as an Independent Non- executive Director, a member of the Audit Committee and Remuneration Committee of the company with effect from November 1, 2015 due to retirement. The Board announced that Mr. Yam Chung Shing has been appointed as an Independent Non-executive Director, a member of the Audit Committee and Remuneration Committee of the company with effect from November 1, 2015. Mr. Yam, is a President of Dongguan City Association of Enterprises with Foreign Investment, the Honorable Citizen of Dongguan, Standing Committee of Chinese People's Political Consultative Conference, Dongguan City and an Executive Vice President and Secretary of Association of the Hong Kong Members of Dongguan's (Hong Kong & Macau) Chinese People's Political Consultative Conference Committee.

He has extensive experience in business management and project investment. Mr. Yam is also an Independent Non-executive Director of Nova LifeStyle Inc.