The board of directors of Karrie International Holdings Limited announced that Mr. Zhao Kai was appointed as an executive Director with effect from November 1, 2012. Mr. Zhao Kai, aged 37, joined the company and its subsidiaries in December 2011. He has been appointed as the chief executive of Metal Stamping, Plastic Injection and Tooling Manufacture Business Unit and a member of executive committee of the company, responsible for operational integration and management of those units.

He had 13 years' experience in metal plastic, mould engineering and project management and more than 7 years' experience in production management and operation. Mr. Zhao has not held any directorship in any listed companies in the last 3 years prior to his appointment as an executive Director. The Board also announced that Mr. Ho Kai Man, an executive Director, was re-designated as a non-executive Director of the company with effect from November 01, 2012.

Mr. Ho Kai Man, aged 31, was appointed as an executive Director from July 12, 2012 to October 31, 2012. He joined the company and its subsidiaries in November 2005. He had been appointed as the Assistant General Manager, Corporate Planning and a member of the executive committee of the company.

He was responsible for handling external contact, establishing of communication platform, assisting the formulation of market and strategy planning and maintaining the Group's sustainability. He is the responsible person in the Plastic Injection Moulding Business Unit. He was also the directors of Kwong Hing Computer Metallic Components Limited, The One Travel Co., Limited, Angel Love Studio (HK) Company Limited, My Affection Limited and Dreamy Bridal Limited, all of which are wholly-owned subsidiaries of the Company.