The Board of Directors of China Yuanbang Property Holdings Limited announced the demise of Mr. Kuik See Juan, an Independent Director of the company on 31 December 2014. Mr. Kuik had served as an Independent Director of the company since its listing on the Main Board of the Singapore Exchange Securities Trading Limited in 2007. Mr. Kuik was the Chairman of the Audit Committee and a member of the Nominating Committee, Remuneration Committee and Share Option Scheme Committee.

A new Independent Director will be appointed and the Board Committees will be re-constituted in due course.