Chinney Alliance Group Ltd. announced that Mr. Wai-Hong Ling, an executive director of the company, will retire by rotation at the forthcoming annual general meeting to be held on 4 June 2013 and decided not to offer himself for re-election as a director of the company due to his other personal commitments. Mr. Ling has confirmed that he has no disagreement with the Board and that there is no other matter in relation to his retirement that needs to be brought to the attention of the shareholders of the company. Mr. Frank Kwok-Kit Chu, a non-executive director of the company, will retire by rotation at the forthcoming annual general meeting.

Mr. Anthony Siu-Wing Lau, an independent non-executive of the company, will retire by rotation at the forthcoming annual general meeting. Mr. Chi-Chiu Wu, an independent non-executive director of the company, has been appointed a member of the audit committee and a member and the chairman of the remuneration committee of the company with effect from 4 June 2013 in replacement of Mr. Lau upon Mr. Lau's retirement on 4 June 2013.