Parkson Retail Group Limited announced the changes in the chairmanship of the Audit Committee of the company with effect from 29 February 2016. Mr. Ko Tak Fai, Desmond, being an independent non-executive director and member of the Audit Committee of the Company since 9 November 2005 and the Chairman of the Audit Committee of the Company since 22 November 2006, has stepped down as the Chairman of the Audit Committee and he is pleased to remain as a member of the Audit Committee; and Dato'Fu Ah Kiow, being an independent non-executive director and a member of the Audit Committee of the company since 13 November 2014, has been appointed by the Board as the Chairman of the Audit Committee.