Teamway International Group Holdings Limited announced that Mr. Chan Chung Yin Victor an independent non-executive Director, informed the Board that he would not offer himself for re-election at the AGM due to his desire to devote more time to his personal endeavours, and he will retire upon conclusion of the AGM. Mr. Chan will cease to be the chairman of the remuneration committee and members of each of the audit committee and nomination committee of the Company upon his retirement.