Yanlord Land Group Limited Announces Resignation of Ng Jui Ping as Independent Director, and Ceases to Be the Chairman of the Remuneration Committee, Member of the Audit Committee and Member of the Risk Management Committee

Yanlord Land Group Limited announced the resignation of Lt. Gen (Ret) Ng Jui Ping ("General Ng") as an independent director. Upon resignation as the independent director, General Ng ceased to be the chairman of the remuneration committee ("RC"), a member of the audit committee ("AC") and a member of the risk management committee ("RMC"). Reason For Cessation was General Ng served as an independent director of the Company for 12 years and he is stepping down from the board of directors ("Board") of the Company in the interests of Board rejuvenation.