[Supplemental Announcement Regarding 2019 Annual Report](index=1&type=section&id=Supplemental%20Announcement%20Regarding%202019%20Annual%20Report) This announcement provides supplementary information to BOE Varitronix Limited's 2019 Annual Report, focusing on other operating expenses and board composition [Purpose and Scope of the Announcement](index=1&type=section&id=Purpose%20and%20Scope%20of%20the%20Announcement) This announcement supplements BOE Varitronix Limited's 2019 Annual Report, providing further details on other operating expenses and board composition, with all other contents remaining unchanged - This announcement supplements the 2019 Annual Report, providing additional details on other operating expenses and board composition[2](index=2&type=chunk)[4](index=4&type=chunk) - The original 2019 Annual Report was published on April 27, 2020, with this supplemental announcement issued on August 5, 2020[2](index=2&type=chunk)[4](index=4&type=chunk) [Analysis of Other Operating Expenses](index=1&type=section&id=Analysis%20of%20Other%20Operating%20Expenses) In 2019, the Group's total other operating expenses decreased by approximately 17.7% to HK$271,638 thousand, primarily due to reductions in freight, subcontracting, utilities, and operating lease rentals - Total other operating expenses in 2019 decreased by approximately **17.7%** compared to 2018, primarily influenced by reductions in multiple expense categories[3](index=3&type=chunk) Comparison of Other Operating Expenses (2019 vs 2018) | Expense Category | 2019 (HK$ Thousand) | 2018 (HK$ Thousand) | Year-on-Year Change (HK$ Thousand) | | :--- | :--- | :--- | :--- | | **Total Other Operating Expenses** | **271,638** | **330,083** | **-58,445** | | Freight | 40,439 | 63,095 | -22,656 | | Subcontracting Fees | 64,621 | 82,657 | -18,036 | | Utilities | 48,914 | 60,399 | -11,485 | | Sales, Marketing, and Commission Expenses | 22,421 | 10,542 | +11,879 | | Minimum Lease Payments Classified as Operating Leases under HKAS 17 | - | 12,281 | -12,281 | [Board of Directors Composition](index=2&type=section&id=Board%20of%20Directors%20Composition) As of this announcement date, BOE Varitronix Limited's Board of Directors comprises nine members: three executive, three non-executive, and three independent non-executive directors, with Mr. Gao Wenbao serving as Chairman - The Board of Directors consists of **nine** members, including **three** executive directors, **three** non-executive directors, and **three** independent non-executive directors[4](index=4&type=chunk) - Mr. Gao Wenbao serves as the Chairman of the Board[4](index=4&type=chunk)