The Board of Fountain Set Holdings Ltd. announced that Mr. GONG Zhengyi, an executive Director, and Mr. CHOW Wing Kin, Anthony, SBS, JP, an independent non-executive Director, did not offer themselves for re-election at the 2016 AGM. Accordingly Mr. GONG retired as an executive Director and Mr. CHOW retired as an independent non-executive Director with effect from the conclusion of the 2016 AGM. Upon the retirement of Mr. CHOW, he has ceased to be a member of each of the audit committee and the nomination committee of the Company.