Ascletis Pharma Inc. — Board/Management Information 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 Madam Chan Lai Kuen Anita ("Madam Chan") resigned as an executive director of the Company with effect from 21 June 2018.

Following Madam Chan’s resignation, she has also ceased to be member of Risk Committee of the Company with effect from that date.

The resignation of Madam Chan is due to her different view on her remuneration as an executive director of the Company. Apart from this, to the best of the Board’s knowledge and belief, she has no other disagreement with the Board and there is no other matter which needs to be brought to the attention of the shareholders of the Company in respect of her resignation.

The Board would like to take this opportunity to express its appreciation to Madam Chan for her 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 Madam Chan 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 Madam Chan with effect from 21 June 2018, Madam Chan will no longer be subject for re-election at the AGM and resolution numbered 2A as set forth in the notice of AGM of the Company dated 27 April 2018 in relation to the re-election of Madam Chan as an executive director will be withdrawn.

By Order of the Board Lee Tat Hing Chairman

Hong Kong, 21 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, Mr. Lee Kwok Sing Stanley and Mr. Kwong Bau To; 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.