The Board of Capital VC Limited announced that Mr. Yau Yan Ming Raymond has resigned as executive Director and member of the Investment Committee of the company with effect from 31 May 2012. Meanwhile, Mr. Yau has accepted the appointment as the chief executive officer of the company in order to devote more time to focus on the day-to-day management of the company's operation instead of policy formulation and directing of the Group's affairs at the Board level. Dr. Liu Ta-pei has been appointed as an authorised representative of the Company under Rule 3.05 of the Listing Rules in the stead of Mr. Yau.