The board of directors of Stella International Holdings Limited announced that Mr. Shieh Tung-Pi, Billy, the chief operating officer of the Group, has resigned as chief operating officer of the Group and retire from all other positions within the Group with effect from December 11, 2015 after 33 years of service with the Group due to his own retirement plan. In place of Mr. Shieh, Mr. Dermot Smowton has been appointed as chief operating officer of the Group with effect from 11 December 2015. Mr. Smowton, aged 60, shall be responsible for the Group s overall operational management.

Prior to joining the Group, he was employed by C & J Clark International and completed his 34-year career there as global sourcing director.