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Li & Fung revamps management board
19
May '14
The board of Directors of Li & Fung Limited announces the management changes with effect from 15 May 2014:- 
 
Retirement of Non-Executive Director 
Mr. Benedict Chang Yew Teck retired by rotation as a Non-executive Director of the Company at the Annual General Meeting of the Company held on 15 May 2014. Mr. Chang has confirmed that he has no disagreement with the Board and there is no matter relating to his retirement that needs to be brought to the attention of the shareholders of the Company. 
 
The Board would like to express its sincere gratitude to Mr. Chang for his valuable contributions to the Board over the past three years. 
 
Change of Composition of Board Committees 
Mrs. Margaret Leung Ko May Yee, an Independent Non-executive Director of the Company, has assumed the role of Mr. Paul Edward Selway-Swift as the Chairman of the Audit Committee of the Company. 
 
Dr. William Fung Kwok Lun, Group Chairman and an Executive Director of the Company, and Mr. Martin Tang Yue Nien, an Independent Non-executive Director of the Company, have been appointed as members of the Nomination Committee of the Company. 
 
Mr. Paul Edward Selway-Swift, an Independent Non-executive Director of the Company, will continue to be a member of the Audit Committee and the Chairman of the Nomination Committee of the Company. 
 
Mr. Allan Wong Chi Yun, an Independent Non-executive Director of the Company, has been appointed and Mr. Martin Tang Yue Nien has resigned as a member of the Risk Management and Sustainability Committee of the Company.  

Li & Fung Limited

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