The board of directors of Luk Fook Holdings (International) Limited announced that Mr. FOK Kwong Man (‘Mr. FOK'), an Independent Non-executive Director, the Chairman of the audit committee and a member of the nomination committee and the remuneration committee of the company, passed away on June 18, 2015. Mr. FOK made invaluable contributions to the company and its subsidiaries (collectively, the ‘Group') during his tenure of service with the Group. Mr. TAI Kwok Leung, Alexander (‘Mr. TAI'), an Independent Non-executive Director of the Company, the Chairman of the Nomination Committee and a member of the Audit Committee and Remuneration Committee, has been appointed as the Chairman of the Audit Committee with effect from 22 June 2015.

The director's fee of Mr. TAI remains unchanged. Mr. MAK Wing Sum, Alvin (‘Mr. MAK'), an Independent Non-executive Director of the Company and a member of the Audit Committee, Nomination Committee and Remuneration Committee, has been appointed as the Chairman of the Nomination Committee with effect from 22 June 2015. The director's fee of Mr. MAK has been changed to HKD 300,000 per annum with effect from 22 June 2015 due to his appointment as the Chairman of the Nomination Committee.

Mr. TAI ceased to be the Chairman of the Nomination Committee with effect from the same date and remains as a member of the Nomination Committee. Ms. WONG Hau Yeung (‘Ms. WONG'), an Executive Director of the Company, has been appointed as a member of the Remuneration Committee with effect from 22 June 2015. Mr. TSE Moon Chuen (‘Mr. TSE'), an Executive Director, the Deputy Chairman of the Company and a member of the Nomination Committee and Remuneration Committee, ceased to be a member of the Remuneration Committee with effect from the same date and remains as a member of the Nomination Committee.