The board of the directors of Yip's Chemical Holdings Limited announced that Mr. Li Chak Man will retire on June 30, 2015 and will resign as an independent non-executive director and a member of the audit committee, remuneration committee and health, safety and environment committee of the company. Mr. Li has confirmed that he has no disagreement with the board and the company and there are no matters relating to his retirement that need to be brought to the attention of the shareholders of the company or The Stock Exchange of Hong Kong Limited.