The Board of Director of Playmates Holdings Limited announced that Mr. Lee Peng Fei, Allen, after having served on the Board for over 25 years, will retire as an Independent Non-executive Director of the Company upon expiry of the present term of directorship at the forthcoming Annual General Meeting of the Company to be held on 24 May 2019 and will not offer himself for re-election. Following his retirement, he will cease to be the chairman of the Compensation Committee and a member of the Audit Committee and the Nomination Committee of the Company.