The board of directors of Asia Cassava Resources Holdings Limited announced that Mr. Lee Kwan Hung tendered resignation as an independent non-executive director, chairman of the remuneration committee and member of the audit committee and the nomination committee of the company with effect from 13 May 2018 as he wishes to dedicate more time to his personal developments. Mr. Lee has confirmed that he has no disagreement with the Board of the company and there are no matters relating to his resignation that need to be brought to the attention of the shareholders of the company or The Stock Exchange of Hong Kong Limited.