Li & Fung Limited Announces Retirement of Paul Edward Selway-Swift as Independent Non-Executive Director and as Member of the Audit Committee and Nomination Committee

Li & Fung specializes in supply chains management. Net sales break down by activity sector as follows: - development of supply chain management solutions and services (81.1%): product design and development, raw material and factory sourcing, production and quality control services, development digital order tracking system and quality resource optimization tools, etc.; - wholesale distribution of apparel and accessories, household and hard goods (11.4%): activity ensured in Americas, Europe and Asia; - logistics services (7.5%): mainly warehousing, transport and electronic logistics services. Net sales break down geographically as follows: Asia (10.3%), the United States (66%), Europe (17.4%) and other (6.3%).