The board of directors of Silverman Holdings Limited announced that Mr. Yan Tangfeng has resigned as a non-executive director of the company with effect from May 15, 2013, to focus on his other commitments. Due to Mr. Yan's resignation as a non-executive director of the company with effect from May 15, 2013, he will not stand for re-election at the Annual General Meeting of the company on June 21, 2013.