The Board of Directors of SOCAM Development Limited announced that Mr. Tsang Kwok Tai, Moses the Non-executive Director of the Company, due to his other business commitments, will not stand for re-appointment upon expiration of the term of his service contract with the Company on 7 September 2017. Accordingly, Mr. Moses Tsang will step down from the Board and also vacate his position as a member of the Finance Committee of the Board with effect from 8 September 2017.