The board of directors of Kantone Holdings Limited announced that, Professor Paul Kan Man Lok has tendered his resignation to the Board, resigning from the positions of the Chairman of the Board and executive director of the company, with effect from 30 September 2016 due to his desire to retire at the present age. Professor Kan has confirmed that he has no disagreement with the Board and there are no other matters relating to his resignation that need to be brought to the attention of the shareholders of the company.