Hosa International Limited announced that, Ms. Ko Yuk Lan will retire by rotation as an independent non-executive Director at the end of her current term of office upon the conclusion of the forthcoming annual general meeting of the Company, which is expected to be held on 30 April 2018, and will not offer herself for election at the AGM in order to focus on her other business commitment. Following her retirement, Ms. Ko will also cease to be the chairlady of the audit committee of the Company at the conclusion of the AGM. The Board resolved that an ordinary resolution will be proposed at the AGM to appoint Mr. Yau Chi Ming as an independent non-executive Director with effect from the conclusion of the AGM to succeed Ms. Ko. Subject to the Shareholders' approval on the appointment of Mr. Yau as an independent non-executive Director, the Board also resolved to appoint Mr. Yau as the chairman of the Audit Committee at the conclusion of the AGM.