The Hour Glass Limited announced that Mr. Pascal Guy Chung Wei Demierre was due to retire by rotation pursuant to the Company's Constitution at the Annual General Meeting on 28 August 2020 (AGM) and did not seek re-election. The retirement is part of Board rejuvenation. Mr. Demierre retired as Independent Non-Executive Director at the conclusion of the AGM and concurrently ceased to be a member of the Audit Committee.