The board of directors of Stelux Holdings International Limited announced that, after nearly 15 years of service, Professor Lawrence Wu Chi Man has retired by rotation as an independent non-executive director of the company upon the expiry of his term of office at the annual general meeting of the company held on August 31, 2021. Prof. Wu has also retired as chairman of the remuneration committee and a member of the nomination committee, audit committee and corporate governance committee of the company respectively from August 31, 2021. The board also announced that Lai Kai Ming Ricky was elected as an independent non-executive director of the company at the AGM. Lai has also been appointed as chairman of the remuneration committee and a member of the nomination committee, audit committee and corporate governance committee of the company respectively from August 31, 2021. Lai is currently the Chief Executive Officer of FWM Group. Lai joined the FWM Group in December 2016. Lai is also the current President of Red Lobster China, a position he has held from April 2018.