The board of the directors of New Concepts Holdings Limited announce that Dr. Huen Wai Kei has been re-designated from an independent non executive Director to a non-executive Director of the Company with effect from 1 November 2014. Subsequent to his re-designation, Dr. Huen has ceased to be the member of the audit committee and the chairman of the remuneration committee of the Company with effect from 1 November 2014. In the meantime, there are following changes of composition of various board committees of the Company with effect from 1 November 2014: Mr. Lo Chun Chiu, Adrian has been appointed as the member of the remuneration committee of the Company; Dr. Tong Ka Lok has been appointed as the member of the remuneration committee of the Company; and Mr. Choy Wai Shek, Raymond, MH, JP has been appointed as the member of the audit committee and chairman of remuneration committee of the Company.