The Board Lee & Man Handbags Holding Limited announced the following changes have taken place with effect from 9 August 2016. Mr. Zhao John Huan, Mr. Wang Xiaolong and Mr. Wang Yuanzheng have been appointed as Executive Directors; Mr. Xian Shunxiang has been appointed as an Independent Non-Executive Director; Ms. Wai Siu Kee, Mr. Kung Fang David and Ms. Lee Man Ching have resigned as Executive Directors; and Mr. So Wing Keung has resigned as an Independent Non-Executive Director. Ms. Wai Siu Kee has resigned as the chairman of the Board and the chief executive officer of the company.

Mr. Zhao John Huan has been appointed as the chairman of the Board and the chief executive officer of the company. Following the change of Directors and with effect from 9 August 2016: the Audit Committee comprises Mr. Xian Shunxiang, Mr. Tsang Hin Man Terence and Mr. Heng Victor Ja Wei. Mr. Xian Shunxiang has been appointed as the chairman of the Audit Committee; the Remuneration Committee comprises Mr. Xian Shunxiang, Mr. Wang Xiaolong and Mr. Heng Ja Wei.

Mr. Xian Shunxiang has been appointed as the chairman of the Remuneration Committee; and the Nomination Committee comprises Mr. Zhao John Huan, Mr. Xian Shunxiang and Mr. Tsang Hin Man Terence. Mr. Zhao John Huan has been appointed as the chairman of the Nomination Committee. Ms. Wong Yuet Ming has resigned and Mr. So Wai Yin has been appointed as the company secretary of the company.