The Board of Kong Shum Union Property Management (Holding) Limited announced that Ms. Huang He has tendered her resignation as an executive Director of the Company with effect from 20 December 2016 due to pursuing her other business opportunities. Ms. Huang confirms that she does not have any disagreement with the Board and there is no other matter relating to her resignation that needs to be brought to the attention of Shareholders. The Board announced that Mr. Lee Chin Ching Cyrix has been appointed as an executive Director of the Company with effect from 20 December 2016. Prior to Mr. Lee's appointment as an executive Director, Mr. Lee had been a business consultant of the Company since 1 May 2016.