Shen Yao Holdings Limited announced that Zhan Shu has decided to resign as an Independent Director as he has recently been devoting majority of his time to his technical consulting engagements, many of which are based out of remote areas lacking reliable tele-communication facilities, which have made it difficult for him to attend meetings /discussions and fulfil his duties as a director of the Company. The company, having spoken to Mr. Zhan, is satisfied that, other that as disclosed in this announcement, there are no other material reasons for the resignation of Mr. Zhan.