Ascletis Pharma Inc. — Board/Management Information 2018

Jun 22, 2018

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世 界 ( 集 團 ) 有 限 公 司 WORLD HOUSEWARE (HOLDINGS) LIMITED

(Incorporated in the Cayman Islands with limited liability) (Stock Code: 713)

RESIGNATION OF EXECUTIVE DIRECTOR

The board of directors (the "Board") of World Houseware (Holdings) Limited (the "Company") announces that Mr. Kwong Bau To ("Mr. Kwong") resigned as an executive director of the Company with effect from 23 June 2018.

The resignation of Mr. Kwong is due to his engagement with his personal commitment and he confirmed that he has no disagreement with the Board and there is no matter which needs to be brought to the attention of the shareholders of the Company in respect of his resignation.

The Board would like to take this opportunity to express its appreciation to Mr. Kwong for his valuable contribution to the Company in the past.

Reference is made to the circular of the Company dated 27 April 2018, pursuant to which it was stated that Mr. Kwong will retire at the annual general meeting of the Company to be held on 27 June 2018 (the “AGM”). As a result of the resignation of Mr. Kwong with effect from 23 June 2018, Mr. Kwong will no longer be subject for re-election at the AGM and resolution numbered 2C as set forth in the notice of AGM of the Company dated 27 April 2018 in relation to the re-election of Mr. Kwong as an executive director will be withdrawn.

By Order of the Board Lee Tat Hing Chairman

Hong Kong, 23 June 2018

As at the date of this announcement, the executive directors of the Company are Mr. Lee Tat Hing, Madam Fung Mei Po, Mr. Lee Chun Sing, Mr. Lee Pak Tung and Mr. Lee Kwok Sing Stanley; the non-executive director of the Company is Mr. Cheung Tze Man Edward; the independent non-executive directors of the Company are Mr. Tsui Chi Him Steve, Mr. Hui Chi Kuen Thomas, Mr. Ho Tak Kay and Mr. Shang Sze Ming.