Tai Ping Carpets International Limited announced that Mr. Roderic Noel Anthony Sage (Mr. Sage) has served the Board for over 16 years and being eligible, did not offer himself for re-election and retired by rotation as an independent non-executive director of the Company upon conclusion of the AGM. Following his retirement, Mr. Sage ceased to act as the chairman of the audit committee of the Company (the Audit Committee). The Board announced that Mr. Nicholas James Debnam (Mr. Debnam) has been appointed as an independent non-executive director of the Company with effect from the conclusion of the AGM.

Following his appointment, Mr. Debnam appointed as the chairman of the Audit Committee.