The board of Kong Shum Union Property Management (Holding) Limited announced that Mr. Liu Dan has resigned as the Chairman of the Board, an Executive Director and the Chief Executive Officer of the company with effect from September 8, 2015 due to his other business commitments. Mr. Liu also ceased to be a member of the remuneration committee and the nomination committee of the company, an authorized representative of the company. Mr. Liu has confirmed that there is no disagreement between him and the Board and there are no matters relating to his resignation which need to be brought to the attention of the shareholders of the company.

The Board announced that Ms. Lai Sze Yau, Vivien, an Executive Director, has been appointed as an authorized representative and a process agent with effect from September 8, 2015.