The board of Directors of Pacific Century Premium Developments Ltd. announced that Mr. Cheung Kin Piu, Valiant, an Independent Non-Executive Director of the Company, retired from the Board with effect from the conclusion of the AGM held on May 6, 2015. Following his retirement, Mr. Cheung ceased to be the chairman of the Company's Remuneration Committee and a member of the Company's Audit Committee and Nomination Committee. The Board announced that Ms. Chiang Yun has been appointed as an Independent Non-Executive Director of the Company, the chairman of the Company's Remuneration Committee and a member of the Company's Audit Committee and Nomination Committee with effect from the conclusion of the AGM held on May 6, 2015.