The board of directors Playmates Holdings Limited announced that Mr. Yu Hon To, David, an independent non-executive director of the Company, will retire from the Board upon expiry of the present term of his directorship at the forthcoming annual general meeting of the Company on 21 May 2021 and will not offer himself for re-election. The Board further announces that Mr. Ip Shu Wing, Charles, an independent non-executive director of the Company, will resign as a director of the Company with effect from the conclusion of the AGM for the reason of his proposed appointment as an independent non-executive director of PTL at the PTL AGM and his intention to focus on his role as an INED of PTL.