Yongmao Holdings Limited announced the cessation of Hoon Chee Wai as independent director, effective August 17, 2012. Reason for his cessation is due to the requirement of his new appointment. The board also announced that consequent to the resignation of Mr. Hoon Chee Wai as an independent director of the company, he has also ceased as a member of nominating and remuneration committees of the company.