The Board of Directors of SOCAM Development Limited announced that Mr. Gerrit Jan de Nys has tendered his resignation as a Non-executive Director of the company with effect from 1 March 2017. Mr. de Nys will vacate his positions as a member of the Audit Committee as well as a member and the chairman of the Finance Committee of the Board following his resignation with effect from 1 March 2017. To fill the vacancies arising there from, Mr. William Timothy Addison, an Independent Non-executive Director of the Company, has been appointed as a member of the Audit Committee and Mr. Wong Yuet Leung, Frankie, an Executive Director, the Chief Executive Officer and Chief Financial Officer of the Company, being an existing member of the Finance Committee, has been appointed as the chairman of the Finance Committee. The said appointments will take effect from 1 March 2017.