Texwinca Holdings Limited announced that Mr. Au Son Yiu will not stand for re-election at the AGM and will retire as an Independent Non-executive Director, the chairman of the Remuneration Committee and a member of the Audit Committee and the Nomination Committee of the Company; and Mr. Ho Lai Hong will be appointed as an Independent Non-executive Director, the chairman of the Remuneration Committee and a member of the Audit Committee and the Nomination Committee of the Company. Mr. Ho Lai Hong, aged 64, has over 30 years of corporate banking, corporate finance and management experiences with Mizuho Bank Ltd. He is a fellow member of The Hong Kong Chartered Governance Institute, a fellow member of the Hong Kong Securities and Investment Institute and a fellow and council member of the Hong Kong Institute of Directors. He holds a Master of Business Administration Degree from The Hong Kong Polytechnic University.

Mr. Ho is currently an independent non-executive director of Yue Yuen Industrial (Holdings) Limited (stock code: 551) and Leo Paper Group (Hong Kong) Ltd. Prior to his retirement from Mizuho Bank Ltd. in March 2018, he was the general manager/alternate chief executive of Mizuho Bank Ltd., Hong Kong Branch. Mr. Ho was also an independent non-executive director of Foshan Water and Environmental Protection Co. Ltd. Save as disclosed above, Mr. Ho did not hold any other directorships in any other listed public companies in Hong Kong and overseas in the last three years or any position with the Company and its subsidiaries.